Can you give me question paper for Insurance Institute of India Fellowship Examination-Law and Economics of Insurance Examination ?

Here I am giving you question paper for Insurance Institute of India Fellowship Examination-Law and Economics of Insurance Examination in PDF file attached with it so you can get it easily..

What are the ingredients of avalid contract under Indian Contract Act?
When does the process of communication get completed againt the parties
in a Contract?
As per Section 23 of the Indian Contract Act, when does a consideration
become unlawdbl?

Explain in detail the effects of fiadulent misrepresentation in a contract.
Define a Wagering Contract . Is Contract of Insurance, a Wagering
Contract?
Enumerate the circumstances under which a contract gets discharged.

What is bailment? What are the rights, liabilities, and duties of a bailer?
Section 42(4) of Insurance Act lays down the disqualification of
an Insurance Agent. What are the disqualifications laid down by the said section?

What is a Contract of Indemnity? What are the rights of an Indemnity Holder?
Classify Duties, Rights, and Authority of an Agent towards:
- His Principal, and
- Third Party with whom he deals on behalf of his Principal.
4.4 Describe the following :
a) Powers of an Arbitrator under the Arbitration Act.
b) Section 64 VB of Insurance Act.

Section- 'B'
Q.5 Define equilibrium. What are the circumstances under which a firm and a consumer
attain equilibrium?
Q.6 Apart fiom price, there are other factors which also affect the demand for a commodity.
Do you agree with this statement? If so, what are the other factors?
Q.7 Analyse Planned Economy versus Market Economy
Q.8 Discuss the principles on which pricing of insurance has been based, specially in a
monopolistic market as it exists in our country.


Insurance Institute of India Fellowship Examination-Law and Economics of Insurance Exam paper