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Dbm 115/Dsm 116: Introduction To Insurance And Banking Question Paper

Dbm 115/Dsm 116: Introduction To Insurance And Banking

Course:Diploma In Business Management

Institution: University Of Nairobi question papers

Exam Year:2010

UNIVERSITY OF NAIROBI

EXAMINATIONS FOR THE DIPLOMA IN BUSINESS MANAGEMENT AND DIPLOMA IN SALES AND MARKETING MANAGEMENT

DBM 115/DSM 116: Introduction to Insurance and Banking.

Instructions: Answer question ONE and any other TWO questions.

QUESTION ONE
a. Other than currency issue and credit control, discuss any five other functions of a Central Bank. (15mks)
b. Outline any six characteristics of a life assurance policy. (9mks)
c. Describe in detail the second and fourth stages associated with evolution of money. (6mks)

QUESTION TWO
a. Explain any five factors that would influence the demand of a commodity in the market. (10mks)
b. Explain any five factors that would guide a bank manager in considering a loan application. (10mks)

QUESTION THREE
An insurance contract, like other commercial transactions, is governed by certain principles. Briefly describe any five of these principles. (20mks)

QUESTION FOUR
a. Outline any eight characteristics of money. (12mks)
b. Explain the following terms as used in insurance:
i. Insurance excess (2mks)
ii. Compulsory excess (2mks)
iii. Voluntary excess (2mks)
iv. Hazard (2mks)

QUESTION FIVE
Write short notes on:
i. Reinsurance (3mks)
ii. Double insurance (4mks)
iii. Product liability (3mks)
iv. Credit creation by commercial banks (5mks)
v. Insurance risks. (5mks)

Dbm 115/Dsm 116: Introduction To Insurance And Banking Question Paper

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