Que. 1 : Q1)Under ICCA the following risk are covered 1. a) Fire 2. b) Collision 3. c) Rain Water 4. d) All the above Que. 2 : Q2)Institute replacement clause relates to 1. a) Cotton 2. b) Sugar 3. c) Rice 4. d) Machinery Que. 3 : Q3)The security document consist of average bond to be signed by consignee and GA guarantee, in lieu of…