CBSE Class-10 Exam 2020 : Question Paper (Banking and Insurance)

• Subject : Banking and Insurance
• Time allowed : 3 hours
• Maximum Marks : 80
• Time allowed : 3 hours Maximum Marks : 80

SECTION A

(Employability Skills) 10 Marks

Answer any 4 questions out of the given 6 questions of 1 mark each. 1x4=4

1. Mention one barrier to effective communication in the Insurance sector. 1
2. Bank manager Pratap wants to copy text from one of his documents in the computer by using keyboard shortcut. Write the keyboard shortcut to be used by Pratap. 1
3. An agent of an Insurance company should be self ___________ to interact with his/her customers. 1
4. State the main focus of a Green Economy. 1
5. ____________ is the quality of an entrepreneur. 1
6. ‘‘More business, more incentive’’ ____________ the workers to achieve their targets. (deprives/motivates) 1 

Answer any 3 questions out of the given 5 questions of 2 marks each. 2x3=6

7. Name the types of communication based on style and purpose in any organisation. 2
8. How is computer useful in banks ? Give two reasons. 2

SECTION B

(Subject Skills) 40 Marks

Answer any 10 questions out of the given 12 questions of 1 mark each. 1x10=10

12. ‘A’ drew a bill of exchange on ‘B’. Here ‘A’ is known as ___________ . 1
13. Home loan is a ____________ loan. 1
(A) Secured
(B) Unsecured
(C) Informal
(D) None of the above
14. Loan taken from a bank for the purchase of a building is 1
(A) Long-term loan
(B) Short-term loan
(C) Bank overdraft
(D) Cash credit
15. RTGS stands for ___________ . 1
16. Define ‘Bank Demand Draft’. 1
17. State two purposes of Life Insurance products. 1
18. Define ‘Nomination’. 1
19. Which kind of policy provides regular income during old age ? 1
20. What is meant by ‘human life value’ ? 1
21. The person who reviews an Insurance application and decides whether the application is acceptable or not, and if yes and at what premium, is known as 1 
(A) Agent
(B) Underwriter
(C) Banker
(D) Contractor 
22. Define ‘General Insurance’. 1
23. Write a benefit of taking Health Insurance policy. 1

Answer any 4 questions out of the given 6 questions of 2 marks each. 2x4=8

24. State any two points of importance of crossing of a cheque. 2
25. Name the parties to a Bill of Exchange. 2
26. State any two features of a Promissory Note. 2
27. Give any two differences between Secured loan and Unsecured loan. 2
28. Explain the term ‘Floating Rate Interest’. 2
29. Define Motor Vehicle Insurance. Name any two other types of General Insurance. 2

Answer any 4 questions out of the given 6 questions of 3 marks each. 3x4=12

30. What are the various types of Bank Loans ? State one feature of each. 3
31. State the principles of sound lending. 3
32. Discuss any three threats involved with mobile banking. 3
33. Give any three differences between Debit Cards and Credit Cards. 3
34. State two features of Money Back policies. 3
35. Define Nominee. When does the nomination become ineffective ? 3

Answer any 2 questions out of the given 4 questions of 5 marks each. 5x2=10

36. Who provides the locker facility ? State any four features of locker facilities provided to a customer. 5 
37. Who can take the Life Insurance policy ? Explain the steps in obtaining
the Life Insurance policy. 5
38. What is meant by ‘Assignment’ ? Explain. 5
39. Explain the importance of Internet Banking. 5

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Courtesy: CBSE