CUSTOMER_CODE
SMUDE
DIVISION_CODE
SMUDE
EVENT_CODE
SMUAPR15
ASSESSMENT_CODE MB0051_SMUAPR15
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
17445
QUESTION_TEXT Write a short note on “Insurance in India”.
SCHEME OF
EVALUATION
Insurance is a contract between two parties where by one party agrees
to undertake the risk of another in exchange for consideration known
as premium and promises to pay a fixed sum of money to the other
party on happening of an uncertain event (Death) or after the expiry
of a certain period (In case of life insurance) or to indemnify the other
party on happening of an uncertain event (In case of general
insurance). The party bearing the risk is known as the ‘Insurer’ or
‘Assurer’ and the party whose risk is covered is known as the
‘Insured’ or ‘Assured’
Explanation
10 marks
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
17446
QUESTION_TEXT
Write a short note on RTI Act 2005.
Brief explanation
SCHEME OF
EVALUATION
Rights under RTI Act 2005:
*Pose any questions to the government or seek any information
*Obtain copies of any government bodies.
*Inspect any governments documents
*Inspect any Governments works
* Take samples of materials of any government work
Coverage of Act:
*All levels of the government
*NGOs that are financed substantially with public funds
provided by the government
Procedure for seeking information (In brief)
Benefits of RTI (In brief)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
73278
QUESTION_TEXT
Who is a surety? Explain the surety rights?
Surety meaning - 1M
SCHEME OF EVALUATION

Rights against the creditor

Rights against the principal debtor

Rights against co-sureties
3M each with explanation
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
125995
QUESTION_TEXT
Explain the characteristics of Bailment and also explain the
kinds of Bailment.
Characteristics:
SCHEME OF
EVALUATION
1.
Delivery off goods
2.
Based on contract
3.
Return of goods
4.
Ownership of goods
Kinds:
1.
Deposit
2.
Commodatum
3.
Hire
4.
Pawn
5.
Delivery of goods
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
125996
QUESTION_TEXT
Describe the kinds of Agencies.
1.
Express agency
2.
Implied agency
3.
Agency by estoppels
4.
Agency by holding out
5.
Agency by necessity
6.
Agency by ratification
SCHEME OF EVALUATION
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
126000
QUESTION_TEXT
Briefly explain different classes of shares
1.
Preference Shares:
Which has a preferential right in respect of dividends
has preferential right in regard to payment of capital
2 marks
Cumulative convertible Preference shares
Its issued by public limited companies (2 marks)
2.
Equity Shares
SCHEME OF EVALUATION
Dividend not fixed
They have voting rights (2 marks)
3.
Deferred or founder’s shares
Normally held by promoters and directors(2 marks)
4.
Non-voting shares
No- voting rights (1 mark)
5.
Sweat Equity Shares (1 mark)