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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 AUGMESS 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. Explain four ways in which the commercial bank facilitates its customers to purchase goods and services on credit. (8mks)
b. Briefly explain any five qualitative measures used by the central bank to control credit creation by commercial banks. (10mks)
c. Explain any four characteristics of insurable risks. (8mks)
d. Outline the four functions of money. (4mks)

QUESTION TWO
a. Apart from the price of the good, price of related good, consumer taste, income and expectations, explain any other five factors that would influence the demand of a commodity in the market. (10mks)
b. Define the law of demand and explain any two exceptions of this law. (5mks)
c. Briefly examine the Maximum Price Policy. (5mks)

QUESTION THREE
a. Explain five types of public liability insurance. (10mks)
b. Briefly describe motor vehicle insurance. (4mks)
c. Briefly describe the special features of life assurance. (6mks)

QUESTION FOUR
a. Describe in detail the first stage, third stage and fifth stages recognized by various writers of the evolution of money. (11mks)
b. Outline six limitations of the power of commercial banks to create credit. (9mks)

QUESTION FIVE
a. Examine the role of insurance in an economy. (6mks)
b. Briefly explain the following principles of insurance:
i. Insurable interest (3mks)
ii. Subrogation (3mks)
iii. Proximate cause. (3mks)

c. Briefly explain any two quantitative methods of credit creation. (5mks)

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

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