CHSE Odisha Banking & Insurance study guide
CHSE Odisha Banking & Insurance · Work through your exam, one topic at a time.
CHSE Odisha Banking & Insurance is a higher-secondary elective offered under the Council of Higher Secondary Education, Odisha, for +2 students who want a structured first grounding in how banks and insurers actually work. It suits learners aiming at careers in banking, insurance, finance or commerce, and those who simply want practical financial literacy before university. The CHSE Odisha Banking & Insurance study guide has 9 sections and about 3,313 words.
01Introduction to Banking
Introduction to Banking fixes the vocabulary the rest of the paper assumes: what a bank legally is, what it does, how it creates deposits, and how a central bank differs from a commercial bank. Questions here are usually definitional and conceptual, so precise wording of the statutory definition earns marks.
383 words, about 2 min02Banking System and Structure in India
The examiner wants you to classify every institution correctly and to know the special licence conditions attached to newer bank types. Structure questions are often one-mark matching items, so the ownership pattern and the core restriction must be exact.
395 words, about 2 min03Banker–Customer Relationship and Accounts
This domain tests whether you can name the legal relationship in a given situation and apply account-opening, nomination and secrecy rules. Case-style questions usually hinge on who is entitled to the money.
375 words, about 2 min04Deposits, Loans and Credit
This section tests the deposit mix, the reserve requirements, the forms of bank credit and the classification of bad loans. Numerical questions on interest and on priority sector targets are common.
349 words, about 2 min05Negotiable Instruments and Payment Systems
The exam tests the Negotiable Instruments Act, 1881, cheque handling rules, and the retail payment rails. Expect questions on crossing, endorsement, holder in due course and the s.138 dishonour sequence.
392 words, about 2 min06Introduction to Insurance
This domain introduces risk pooling and the governing principles of insurance. The exam usually checks whether you can distinguish insurance from gambling, name the principles correctly, and identify the correct insurer for a given risk.
351 words, about 2 min07Life Insurance
Questions here cover product types, premium structure, assignment and nomination, revival, and payout on maturity or death. The examiner often tests whether you know which policy type builds a fund and which does not.
356 words, about 2 min08General (Non-Life) Insurance
General insurance questions focus on indemnity-based products, the average clause, motor third-party liability and health policy waiting periods. Numerical items usually apply the average clause or an excess.
335 words, about 2 min09Insurance Intermediaries and Regulation (IRDAI)
This final domain checks the regulatory architecture: who may sell insurance, what licence each intermediary needs, how commissions are governed, and how a policyholder can escalate a grievance. IRDAI was set up under the Insurance Regulatory and Development Authority Act, 1999, with its headquarters at Hyderabad.
377 words, about 2 min