ICS03 - Marine Cargo (Surveyor) Mock Test 02

Q1. Which of the following has associated risks of fire, explosion and spontaneous combustion?

a) Aluminium
b) Copper and Copper products
c) Asbestos
d) Coal, Coke and Charcoal

Q2. Which vessel is best suited to carrying cargo like oil?

a) Barge carrier
b) Dry bulk carrier
c) Liquid bulk carrier
d) Lighter Aboard Ship

Q3. Which section of the Marine Insurance Act, 1906 deals with the material disclosure made by the agent or assured to conclude a marine insurance contract for the assured?

a) Section 16
b) Section 17
c) Section 18
d) Section 19

Q4. Every person has an insurable interest who is interested in a marine adventure. Say whether True or False.

a) TRUE
b) FALSE

Q5. Which exclusion states that in no case shall this insurance cover loss, damage or expense arising from war, civil war, revolution, rebellion, insurrection or civil strife arising therefrom, or any hostile act by or against a belligerent power?

a) Exclusion 5
b) Exclusion 6
c) Exclusion 7
d) Exclusion 8

Q6. __________ is a promise by the assured to the underwriter that something shall or shall not be done, or that a certain state of affairs does or does not exist.

a) Indemnity
b) Contract
c) Warranty
d) Subrogation

Q7. Which cargo refers to cargo in huge quantities carried in 'unpackaged form' in the holds/tanks of the vessels?

a) Bulk Cargo
b) Light Cargo
c) Break-Bulk Cargo
d) Light-Bulk Cargo

Q8. Which of the following is an example of a Business Interruption policy?

a) Removal of Wreck
b) Port Blockage
c) Customer Liability
d) Handling equipment

Q9. PPI in marine cargo policy means:

a) Pre and Post Inspections
b) Policy Proof of Interest
c) Post Parcel Identification
d) None of the above

Q10. Expand the term IRDA.

a) International Reinsurance Development Agency
b) Insurance Regulatory Development Authority
c) Indian Regulatory Development Authority
d) Indian Reinsurance Development Authority