Que. 1 : Q1) ___________ of the Marine Insurance Act, 1967 states that an insurer under a contract of marine insurance has an insurable has an insurable interest in his risk and may reinsure in respect of it.
1. a) Section 7
2. b) Section 8
3. c) Section 9
4. d) Section 10
Que. 2 : Q2) If the Marine Casualty Form is not issued due to non-recording of statement from survivor(s) :
1. a) The Mercantile Marine Department may be requested to issue a Certified
2. b) An Investigator may be appointed
3. c) A certified copy of the Meteorological Department’s Report can be obtained
4. d) All fo the above
Que. 3 : Q3) The marine policies can by transferred by assignment unless expressly it is prohibited
1. a) they may be assigned either before or after the loss
2. b) they may be assigned only before the loss
3. c) they cannot assigned at all
4. d) none of the above
Que. 4 : Q4) Which of the following is not one of the important components of an SBM system ?
1. a) The body of the buoy
2. b) Product Transfer System
3. c) Mooring and Transfer System
4. d) Mooring and Anchoring system
Que. 5 : Q5) What is partial loss or partial damage caused fortuitously by a peril insured against and thus does not include damage voluntarily incurred, such as General Average damage?
1. a) Particular Average
2. b) General Average
3. c) Partial Average
4. d) None of these
