Q 1. What is the brand name adopted by the General Insurance Corporation of India to align itself with major reinsurers worldwide?
Q 2. Who is the sole owner of the General Insurance Corporation of India?
Q 3. Which type of insurance companies in the Indian market receive comprehensive reinsurance services from GIC Re?
Q 4. What is the capacity of GIC Re as a provider of marine insurance in the region?
Q 5. In which years did GIC Re win the Marine Insurance Award at the Seatrade Middle East and Indian subcontinent Awards?
Q 6. What does marine insurance primarily cover?
Q 7. What does hull insurance in marine insurance specifically cover?
Q 8. Apart from goods and ships, what other interests are associated with marine insurance?
Q 9. In marine insurance, what does "premium" refer to?
Q 10. What do "incidental charges and profits" typically include in marine insurance?
Q 11. Who is credited with coining the word "yogakshema" in the Manusmriti, which means risk and safety, and established rules for marine contracts?
Q 12. What was the primary purpose of executing "jokhami hundies" in ancient times?
Q 13. How did Chinese merchants on the Yangtze river manage risks associated with trade?
Q 14. What was the consequence of goods not arriving safely at their destination according to Hammurabi's code?
Q 15. Which ancient practice involved separating the financing and risk-taking aspects of maritime transactions, leading to the development of marine insurance?
Q 16. What innovative financial instruments were introduced by Rhodian merchants in maritime trade?
Q 17. In the 14th century, Italian merchants separated what aspects of maritime transactions, leading to the development of marine insurance?
Q 18. How did the system of General Average (GA) function in ancient maritime trade?
Q 19. In which country did the system of separate financing and risk-taking, leading to the development of marine insurance, develop due to the coffee house culture, particularly at Edward Lloyd's coffee house?
Q 20. According to the preamble to the Elizabethan Act of 1601, what is one of the key functions of marine insurance?
Q 21. How did the Elizabethan Act of 1601 describe the distribution of losses in the event of a ship's loss?
Q 22. What was the objective of the Elizabethan Act of 1601 regarding marine insurance, as expressed in the preamble?
Q 23. What does the Elizabethan Act of 1601 intend to avoid in the event of a ship's loss?
Q 24. According to the preamble, who benefits the most from the principles of marine insurance?
Q 25. According to the preamble to the Elizabethan Act of 1601, what is one of the key functions of marine insurance?
