CBSE Class 10 Banking and Insurance 2019 Question Paper

1. The rate of interest on cash credit account is ______ than overdraft interest rate.

2. Letter of credit is a/an ______ loan.

(a) Funded
(b) Unfunded
(c) None of the above

3. The full form of IFSC is ______ .

4. Cash remittance limit for NEFT transactions for a walk-in customer is _______ .

(a) Rs.10,000
(b) Rs.25,000
(c) Rs.50,000

5. ______ linked _____ plan is a type of Life Insurance.

6. What is meant by ‘Term Insurance’ ?

7. Assignment of Life Insurance Policy can be done before acquiring the policy. (True/False)

8. ______ is a process in which an insurance company decides whether to accept or reject an application for a policy.

9. Mediclaim Insurance Policies do not cover ambulance charges. (True/False)

10. Time is precious, Time is _____ .

11. Oral communication is a form of non-verbal communication. (True/False)

12. Barriers in communication

(a) make it more effective
(b) make it less effective
(c) do not have any effect on it

Very Short Answer Type Questions (Attempt any five)

13. Briefly explain ‘Restrictive Endorsement’.

14. List the parties to a cheque.

15. State any two advantages of ECS credit to beneficiary.

16. State any two advantages of Demand Draft.

17. State any two risks that are covered under General Insurance.

18. List the elements of communication cycle.

19. What is meant by written communication ?

Short Answer Type Questions (Attempt any five)

20. Draw the specimen of a 'Bill of Exchange'.

21. State any three methods of creating charge on securities.

22. Briefly explain different types of Internet banking.

23. Describe briefly the concept of ‘Money-Back Policies’.

24. Explain the types of Motor Vehicle Insurance.

25. What is meant by a ‘Cover Note’ in case of ‘Marine Insurance Policy’ ?

26. State any three barriers to effective communication.

Long Answer Type Questions (Attempt any three)

27. Explain the process of remittance of money through NEFT.

28. Explain different types of advances.

29. Describe ‘Group Insurance’.

30. Explain any five advantages of taking life insurance policy.

31. Explain briefly different types of fire insurance policies.