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