Que. 1 : Q1) In case of various consigners are affected due to operation of a common peril, for saving a marine adventure; the loss would be apportioned by declaration of

   1.  a) General average

   2.  b) Particular average

   3.  c) Average clause

   4.  d) None of the above

Que. 2 : Q2) The subject matter of insurance of marine insurance is

   1.  a) ship and goods

   2.  b) freight and profits

   3.  c) disbursement and wages

   4.  d) all the above

Que. 3 : Q3) One of the important documents needed to substantiate a marine insurance claim is:

   1.  a) Bill of loading

   2.  b) Bill of lading

   3.  c) Contract Note

   4.  d) Cover note

Que. 4 : Q4) Section 55 (2) enumerates the losses which are not payable. Which of the following is/are an example of these?

   1.  a) Willful misconduct of the assured

   2.  b) Delay caused by an insured peril

   3.  c) Injury to machinery not proximaterly caused by maritime perils

   4.  d) All of the above

Que. 5 : Q5) Section 57 of Act defines _________ as loss to the cargo where the cargo per se losses it specie or in other words the damage is so severe that the cargo losses its kind that was insured or insured irretrievably deprived of having the cargo.

   1.  a) Constructive Total Loss

   2.  b) Particular average loss

   3.  c) Partial loss

   4.  d) Actual total loss