8/8/2019 Business PCL I Fin Banking Insurance Industry Operations Weekly Assignment I

1/2

Assessment Front Sheet

IMPORTANT: Your assignment will not be accepted without the FRONT SHEET.

Campus: Stream:

Level: PCL-1 Year/Semester

Module Name:Banking and Insurance

Industry operationsAssignment Type:

Weekly Assignment

Students Name: Assessors Name:

Issued on: Reqd. Submission Date:

Actual Submission

Date:Submitted to :

Higher Level SkillsStudents are expected to develop the following skills in this assignment:

Cognitive skills of critical thinking, analysis and synthesis. Effective use of communication and information technology for business applications. Effective self-management in terms of planning, motivation, initiative and enterprise.

Certificate by the Student:

Plagiarism is a serious College offence.

I certify that this is my own work. I have referenced all relevant materials.

________________________(Students Name/Signatures)

EXPECTED OUTCOMES Assessment Criteria To achieve each outcome a

student must demonstrate the ability to :

Achieved (Y/N)

To understand concept of

strategy and brand equity

Ability to understand the scenario of organized retail in

our country.

To understand the consumer

behaviour and the IT innovation

Ability to understand the scenario consumer likes and

dislikes in decision making exercise taking the marketingmix into consideration.

Assignment Grading Summary (To be filled by the Assessor)

Grades Grade Descriptors Achieved Yes/No (Y / N

P A Pass grade is achieved by meeting all the requirements defined.

M1 Identify and apply strategies to find appropriate solutions.

M2 Select/design and apply appropriate methods/techniques.M3 Present and communicate appropriate findings.

D1Use critical reflection to evaluate own work and justify validconclusions.

D2Ability to anticipate and solve complex tasks in relation to theassignment.

D3 Demonstrate convergent, lateral and creative thinking.

OVERALL ASSESSMENT GRADE:

TUTORS COMMENTS ON

ASSIGNMENT:

SUGGESTED MAKE UP PLAN

(applicable in case the student is

asked

to re-do the assignment)

REVISED ASSESSMENT GRADE

TUTORS COMMENT ON

REVISED

WORK (IF ANY)

Date: Assessors Name / Signatures:

8/8/2019 Business PCL I Fin Banking Insurance Industry Operations Weekly Assignment I

2/2

Questions:

Q1. Explain Marine Insurance and discuss its various clauses.

Q2. What are the types of motor insurance policies?? Explain the features of a personal acciden

policy.

Q3. The chief accounts officer of AB Insurance Company, who was in service with the company for

over 15 years, was the custodian of the cheque books. He has forged the signature of the

managing director on 50 cheques and misappropriated a total amount of Rs.15 lakhs during aperiod of four years. On discovery of the forgery, the company wanted the bank to recredit the

account with the amount in question. The bank refused to comply with the request and took the

following defense:

a. Even if the cheque were forged, the company has acquiesced to the payment.b. The company was stopped from its claim because it had not objected to the payments

which were brought to its notice through monthly statements and half yearly account.

c. The company was stopped from its claim since it was negligent in entrusting the custodyof the cheque books to the accounts officer leading to contributory negligence.

d. The suit was time barred since the company had not objected to the payment for a periodof four years.

- In view of the above defense taken by the bank, the company has proceeded against the

bank and the chief accounts officer and the issue is whether the suit is maintainable.

Q4. Introduction of the subject matter being discussed and the principle enunciated in the Law.

Q5. Enumerate the facts of the decided case on the point.

Q6. Explain the decision pronounced by the Court of Law in each of the decided cases including

some of the recent cases decided by Supreme Court/High Court.

Assignment should consist of about 1600 words (about 4 to 5 pages).