CS Professional Paper 7.4 Syllabus and Exam Pattern 2026 – Banking & Insurance – Laws & Practice
CS Professional Paper 7.4 Syllabus and Exam Pattern 2026 – Banking & Insurance – Laws & Practice
CS Professional Paper 7.4 Banking & Insurance Laws & Practice is an elective subject under the ICSI Professional Programme. It covers the legal framework of banking and insurance, regulatory requirements, banking operations, risk management, insurance principles, and compliance procedures. Understanding the syllabus and exam pattern helps students plan their preparation, allocate revision time, and identify areas requiring additional practice. Students should refer to the latest applicable ICSI study material and examination instructions to ensure their preparation matches the relevant examination session.
Frequently Asked Questions (FAQs)
1. How many marks are allocated to Banking Laws?
Banking Laws carries 50 marks.
2. How many marks are allocated to Insurance Laws?
Insurance Laws carries 50 marks.
3. What is the duration of the Paper 7.4 examination?
The published ICSI practice paper specifies a duration of three hours.
4. Is Paper 7.4 an objective or descriptive examination?
The published practice paper uses descriptive and application-based questions. Candidates should follow the instructions provided for their examination session.
5. Which topics are covered in Banking Laws?
Topics include banking regulation, RBI, banking operations, KYC, negotiable instruments, advances, risk management, and other prescribed areas.
6. Which topics are covered in Insurance Laws?
Topics include insurance principles, IRDAI, life insurance, general and health insurance, regulatory compliance, and other prescribed areas.
7. Are amendments important for Paper 7.4?
Yes. Students should study amendments and supplements applicable to their examination session.
8. Where can I download the official Paper 7.4 study material?
Visit the ICSI Professional Programme Academic Portal to locate the relevant syllabus and study material.
9. Which topics should students prioritise in the CS Professional Paper 7.4 syllabus?
Students should prioritise the major topics prescribed in Banking & Insurance – Laws & Practice, including banking regulations, banking operations, insurance principles, insurance laws, regulatory
authorities, and statutory compliance. The official syllabus and study material should guide the final topic-wise preparation plan.
10. Are practical and case-study-based questions included in CS Professional Paper 7.4?
Students should practise both conceptual and application-based questions to prepare effectively for Banking & Insurance – Laws & Practice. Case studies involving banking operations, regulatory
compliance, insurance principles, and legal responsibilities can help develop the ability to apply statutory provisions to practical situations.
11.How should students prepare according to the CS Professional Paper 7.4 exam pattern?
Students should study the syllabus topic by topic, revise important legal provisions, practise previous-year question papers, and attempt mock tests under timed conditions. They should also practise writing
clear, structured answers supported by relevant legal provisions and examples wherever appropriate.