Goa Board Class 12 Sample Paper 2023 Insurance

Sample Paper
&
Question Paper Pattern
2022
2023

GOA BOARD

SUBJECT: INSURANCE( 2022-23)
Syllabus applicable for the academic year 2022-2023( Theory)
STD XII VOCATIONAL COMMERCE BASED COURSES

SCOPE AND LIMITATIONS

MAX MARKS: 50

DETAILS OF SYLLABUS( SCOPE AND LIMITATION) NO OF MARKS
UNIT-I 08
FIRE INSURANCE
Meaning of Fire, Direct consequences of fire, standard fire policy, covers
provided under fire policy, excluded losses, perils and properties, uniform policy
condition, type of policies, conditions.

UNIT-II 08
MARINE INSURANCE
Meaning and definition of marine insurance, nature and need of marine
insurance, marine underwriting, types of marine policies, types of packing,
marine losses, marine claims- procedure for settlement of cargo claim and
particular average claim.

UNIT-III 08
MISCELLANEOUS INSURANCE
(A)Meaning of miscellaneous insurance, growth of miscellaneous insurance.
Provisions of motor vehicle act 1939- objectives, features, Motor accident claim
tribunals- meaning, covers and policies, Types of motor insurance policies.
(B) Insurance of persons-Types of policies-
I. Personal accident insurance
II. Janatha personal accident insurance
III. Gramin personal accident insurance
IV. Personal accident insurance for school going children
V. Air travel personal accident insurance
VI. Health insurance.
(c) Insurance of property – Types of policies-
I. Money in transit policy
II. All risk insurance policy
III. Domestic multi risk policy
IV. Jewellers block insurance
V. Loss prevention association of India
VI. Bhagyashree child welfare policy.

UNIT-IV 04
POLICY CONDITIONS AND PRIVILAGES
Sections of policy document
PRIVILAGES

I. Days of grace
II. Suicide clause
III. Revival of lapsed policy

IV. Non forfeiture regulations
V. Accident benefit
VI. Disability benefit
VII. Extended disability benefit
Nomination
Assignment
Distinguish between nomination and assignment
Salary saving scheme
Advantages
Pre-requisites
Authority letter
Demand list.

UNIT-V 05
PREMIUM AND BONUSES
PREMIUM
I. Tabular premium
II. Risk premium
III. Level premium
IV. Office premium
V. Extra premium.
BONUS
I. Simple revisionary bonus
II. Compound revisionary bonus
III. Tontine bonus
IV. Interim bonus
V. Vested bonus
VI. Final (additional) bonus

UNIT-VI 04
INSURANCE LAWS AND REGULATIONS
I. Insurance act 1938
II. Life insurance corporation Act 1956
III. Insurance Regulatory and Development Act 1999(IRDA)
IV. Consumer Protection act 1938(COPA)
V. OMBUDSMAN
VI. Married women property Act 1874(MWPA)
Exchange control regulation
Methods of premium payment by non resident policy holder, Export of policy

TOTAL 50

Allotment of the portion and weightage of marks for the exam:

FIRST TERM EXAM
Unit Topics Marks
No.
I Fire Insurance. 08
II Marine Insurance. 08
III Miscellaneous insurance. 04
TOTAL 20

S ECOND TERM EXAM

IV Miscellaneous insurance. 04
V Privileges and conditions 08
VI Premium and bonuses 04
VII Insurance regulations 04
TOTAL 20

SCHEME OF EXAMINATION FOR THEORY PAPER (2022-23)

I TERM BOARD EXAM (All 20 MCQ Questions)………….……………...……..… 20Marks

II TERM BOARD EXAM (Subjective Paper) - No MCQ Questions to be asked..…..20Marks

INTERNAL TEST MARKS (Average) ………...……………………………………. 10Marks

(1st Internal test + 2nd Internal Test + Innovative Test/6 = 20+20+20/6)

TOTAL ……………………………………………………………………………… 50Marks

Syllabus applicable for the academic year 2022 -2023
SUBJECT: INSURANCE (PRACTICALS) - CCE

STD XII VOCATIONAL COMMERCE BASED COURSES.

SCOPE AND LIMITATIONS

MAX MARKS: 100

FIRST TERM
Unit DETAILS OF SYLLABUS Marks
No. (SCOPE AND LIMITATION) allotted
I Calculation of paid up value, surrender value, and loan 20
II Calculation of Average clause 20
TOTAL 40
VIVA 05

FILE 05

FIRST TERM TOTAL 50

SECOND TERM
Unit DETAILS OF SYLLABUS Marks
No. (SCOPE AND LIMITATION) allotted
IV Calculation of Death claim and Maturity claim 20

V Calculation of Fire declaration policy 20
VI Documents required for settlement of claim in general insurance and life
insurance (students should be asked to procure and fill up )
TOTAL 40
VIVA 05

FILE 05

SECOND TERM TOTAL 50

Instructions: For the academic year 2022 -2023

Files should be maintained for first term as well as for second term for evaluation or audit.

Model question papers for the first term and second term:
Model Question Paper
First – Term Exam

FIRST EXAM MODELQUESTION PAPER YEAR 2022-23
SUBJECT: INSURANCE DURATION: 1 HOUR
STD-XII MAX. MARKS: 20

INSTRUCTIONS :
i. All questions are compulsory.
ii. There are 20 Multiple Choice Questions in the paper.
iii. Figures to right indicate marks allotted to each question.
iv. Use of non-scientific calculator is permitted.
v. Write the number of each question clearly on the answer book.

Choose the correct alternative from those given to complete the
statement and rewrite the same.
1 Under Standard Fire Insurance policy the property which is not 1
covered is______________.
a. Buildings
b. Machinery
c. Explosives
d. Plants

2 The clause which refers to the consideration under insurance contract 1
is___________.
a) Recital
b) Preamble
c) Schedule
d) operative
3 The example of weather peril is_______________. 1
a) Riot and strike
b) Malicious damage.
c) Spontaneous Combustion
d) Tempest
4 The insured is prevented from underinsuring his property 1
under_____________.
a. Subrogation clause
b. Contribution clause
c. Misrepresentation clause
d. Average condition
5 The maximum period within which the statement of claim submitted 1
by the insured to the insurance company is……………
a. 12 days
b. 15 days

c. 20 days
d. 25 days
6 Misrepresentation condition emphasis to the principle of……………. 1
a. Utmost good faith

b. Contribution
c. Insurable interest
d. Indemnity.
7 The party whose decision is final under arbitration condition is
………..
a. Umpire
b. Insurer
c. Arbitrator
d. Insurance agent
8 The refund of deposit premium from insurer to the insured shall not 1
exceed____________.
a. 60%
b. .75%
c. 50%
d. 70%
9 The policy which is also known as marine cargo insurance policy 1
is_______.
a. Blanket policy
b. Voyage policy
c. Mixed policy
d. Floating policy
10 The clause which refers to the throwing of the goods overboard to 1
lighten weight of ship is………
a. Average
b. Limitation
c. Jettison
d. Barratry
11 The year in which Marine Insurance Act was passed is………………
a. 1983
b. 1973
c. 1953
d. 1963
12 The certificate which serves as a proof of loss is……………
a. Short landing certificate
b.Copy of protest
c. Copy of subrogation
d.Survey report
13 The loss which refers to the repairing of ship damaged by heavy 1
weather is_______________.
a. Sacrifice loss
b. Particular average loss
c. General average expenditure loss
d. Constructive total loss
14 The Marine Insurance policy which is valid for a specific period of
time is…………….

a. Floating policy
b. Time policy
c. Mixed policy
d. Blanket policy

15 The document which evidences the contract of affrieghtment is……
a. Counter guarantee
b. Bankers certificate
c. Tally sheets
d. Bill of lading
16 The document which is extended by the captain of the ship for
damages due to heavy weather before the Notary Public
is______________.
a. Letter of subrogation
b. Joint survey report
c. Copy of protest
d. Bill of entry
17 The Motor Vehicle Act was passed in the year…………… 1
a. 1929
b. 1939
c. 1949
d. 1935
18 The minimum age required for driving transport vehicle 1
is____________.
a. 21 years
b. 23 years
c. 18 years
d. 20 years
19 The abbreviation M. A. C. T. stands for_____________. 1
a. Marine Accidents Claims Tribunal
b. Motor Accidents Council Tribunal
c. Marine Accidents Council Tribunal
d. Motor Accidents Claims Tribunal
20 The abbreviation R. T. A. stands for_______________. 1
a. Regional Transport Authority
b. Road Transport Association
c. Regional Transport Association
d. Road Transport Authority

Goa Board of Secondary & Higher Secondary Education, Alto, Betim – Goa
FIRST TERM BLUE – PRINT H.S.S.C. Examination 2022-23
Duration: 1 Hour
Subject: Insurance Class : XII
Maximum Marks:- 20
Objective Knowledge Understanding Application Total
Content Area VSA SA- SA- LA VSA SA- SA- LA VSA SA- SA- LA
I II I II I II
I. Fire (1)8 08
Insurance

II. Marine (1)8 08
Insurance

III. (1)4 04
Miscellaneous
Insurance
(20)20 (20)
Note:
Figures inside the bracket indicates marks
Figures outside the bracket indicates no of questions

Model Question Paper
Second – Term Exam
SECOND EXAM MODELQUESTION PAPER YEAR 2022-23
SUBJECT: INSURANCE DURATION: 1 HOUR
STD-XII MAX. MARKS: 20
________________________________________________________________________________________________
INSTRUCTIONS:
1. There are three sections in this question paper (A,B, & C)
2. In section A there are four questions of which question no. 1 & 2 are multiple choice questions, question no.3 is to
be answered in a word or figure and question no. 4 is to be answered in one sentence.
3. Figures to the right indicate marks allotted to each question
4. Write the number of each question clearly on the answer book
5. Answer all questions from Section A and Section B
6. Answer any two questions from section C

SECTION A
Attempt the following in one word, Phrase or Figure.
1) Name the Personal Accident Insurance Policy suitable for students aged between 3years to 9years. (01)
2) Name the policy suitable for poor villagers (01)

Attempt the following in one sentence.
3) Who is appointed during the minority of the nominee in life insurance contract. (01)
4) What does I.R.D.A stands for? (01)

SECTION B
4. Attempt the following in 30 to 40 words each.
5) What are the expenses pertaining to the domiciliary treatment covered under Health insurance? (2)
6) What is the significance of suicide clause with reference to life insurance policy? (2)

7) Explain briefly the days of grace period with reference to insurance contract. (2)
8) What is level premium? (2)
9) What is interim bonus? (2)

SECTION C
Attempt the following in about 50 to 60 words (Any 2)
10) Distinguish between Nomination and Assignment.(Any 3 points) (03)
11) Enumerate three pre-requisites under salary savings scheme? (03)
12) Briefly explain the significance of Married Women’s Property Act. (03)

Goa Board of Secondary & Higher Secondary Education, Alto, Betim – Goa
SECOND TERM BLUE – PRINT H.S.S.C. Examination 2022-23
Duration: 1 Hour
Subject: Insurance
Maximum Marks:- 20
Objective Knowledge Understanding Application Total
Content Area VSA SA- SA- LA VSA SA- SA- LA VSA SA- SA- LA
I II I II I II
Miscellaneous (1)2 (2)1 04
Insurance

Privileges and (1)1 (2)2 (3)1 08
conditions and
salary savings
scheme

Premium and (2)1 (2)1 04
bonus

Insurance (1)1 (3)1 04
regulations
(4)4 (2)1 (8)4 (3)1 (3)1 (20)
Note:
Figures inside the bracket indicates marks
Figures outside the bracket indicates no of questions