CBSE Class 10 Banking & Insurance 2018 Question Paper

This question paper contains four sections A, B, C and D. This question paper contains 23 questions.

Section A

Multiple Choice Questions

1. A short term loan is a loan which is repayable

(a) within 2 years
(b) within 3 years
(c) within 4 years

2. A credit card limit is a

(a) Revolving loan limit
(b) Instalment loan limit
(c) None of the above

3. Indian Financial System code is

(a) Numeric 11 digit code
(b) Alpha numeric 11 digit code
(c) Alpha numeric 8 digit code

4. The bank which initiates ECS credit is known as _____ .

(a) Sponsor Bank
(b) Destination Bank
(c) Beneficiary Bank

5. Assignment of Life Insurance Policy can be done only for _____ of money or moneys’ worth.

(a) Payment
(b) Consideration
(c) Premium

6. The first step towards taking a life insurance policy is to fill up a _____ form providing requisite information about the person desirous of taking the policy.

(a) Application
(b) Word
(c) Proposal

7. _____ is a type of life insurance.

(a) Unit Linked Insurance Plan
(b) Medi-claim Insurance
(c) Liability Insurance

8. Communication within an organization is known as ____ communication.

(a) Internal
(b) External
(c) None of the above

Section B

Short Answer-I Questions

9. Differentiate between crossed cheque and uncrossed cheque.

10. Explain the advantages of using RTGS.

11. What is meant by an endowment plan ? State any two features of an endowment plan.

12. State the rights of a nominee.

13. What is meant by ‘Cargo Insurance’ ?

14. List the types of Communication based on Communication Channel.

15. State any four benefits of effective Communication.

Section C

Short Answer-II questions

16. Explain briefly any three types of endorsement.

17. Briefly describe the advantages of discounting a bill of exchange.

18. State any six security issues in e-Banking.

19. Explain briefly the types of Internet Banking.

20. Explain briefly any three types of Life Insurance Policies.

21. Differentiate between burglary and theft. What types of losses are covered under ‘burglary and theft insurance’ ?

Section D

Long Answer Questions

22. Briefly explain the procedure for taking ‘Fire Insurance Policy’.

23. Explain the importance of written communication.