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Category: IC60 MARINE CARGO INSURANCE UNDERWRITING – 12

IC60 MARINE CARGO INSURANCE UNDERWRITING – 12

Que. 1 : Q1) In 1921, International Chamber of Commerce came up with the idea of __________.

   1.  a) Distributing

   2.  b) INCOTERMS

   3.  c) Robots

   4.  d) None of these

Que. 2 : Q2) In 1993, the Government of India set up a Committee under the Chairmanship of former RBI Governor, ______________ to propose recommendations for insurance sector reforms.

   1.  a) Janaki Ram

   2.  b) Jyoti Basu

   3.  c) Srikrishna

   4.  d) R.N. Malhotra

Que. 3 : Q3) In Inland Transit Clause after the expiry of ___________ after the consignment reaches final destination town but before delivery to the consignee. However, underwriters can alter this duration by expressly changing the number of days.

   1.  a) 7 days

   2.  b) 15 days

   3.  c) 30 days

   4.  d) 45 days

Que. 4 : Q4) It is a statutory requirement that all claims of_____________and above be surveyed by a licensed surveyor.

   1.  a) Rs. 2,000

   2.  b) Rs. 20,000

   3.  c) Rs. 200,000

   4.  d) Rs. 20,00,000

Que. 5 : Q5) Which among the following refers to bulk cargo ?

   1.  a) Cargo packaged in containers

   2.  b) Cargo in huge quantities carried in ‘unpackaged form’ in the hold/tanks of the vessels.

   3.  c) Cargo transported by rail

   4.  d) Cargo transported by air