Q 1. What is the maximum period for filing suits for claim against the Indian post office in case of short delivery, delay or damage to the parcel?
Q 2. Which of the following is the world's largest representative organisation for international and wholesale insurance and reinsurance companies?
Q 3. For which of the following, insurance cover for 'Transit Policies of Centrifuged Latex' to be issued to traders/buyers is offered?
Q 4. The Government War Risks Insurance Scheme under which Indian flag vessels can be insured is administrated by ______ .
Q 5. What is the basic principle of UCP?
Q 6. ______ establish standards, guidelines and rules for the design, construction and survey of ships and of other marine structures.
Q 7. A ______ is one which can be brought to an end during the currency of the insurance by occurrence of some event other than maritime perils.
Q 8. SSS Insurance Company has got into an Aggregate Excess of Loss Treaty with MMM Reinsurance Company. The treaty covers annual losses in excess of Rs. 5 crores upto a further Rs. 4 crores. Which of the following statements is INCORRECT?
Q 9. What is maximum period of storage for Type I policy under package policy of coffee?
Q 10. In case of goods arrived by sea, the insured should give written notice to the carrier within _______ of landing of the goods, if loss or damage thereto was not apparent at the time of taking delivery.
Q 11. Collision liability is a supplementary cover over and above the insurance on the vessel itself to the extent of _______ of such liability but not exceeding 3/4th of the sum insured on the vessel.
Q 12. In Letter of Credit transactions, what is taken as collateral security by banks?
Q 13. Which of the following clauses of Inland transit provides risk cover against physical loss caused by fire only?
Q 14. Which of the following values is taken to work out the liability of the carrier, Port Trust or other bailees?
Q 15. Which of the following elements of risk is mainly determined by the size of the ship?
Q 16. Under the Merchant Shipping Act 1958, every Indian ship exceeding 15 tons net and employed solely in navigation on the coast of India, is required to be registered with _______ .
Q 17. Which act governs the liability of the air carriers for domestic flights in India?
Q 18. Identify which type of freight charges is the Railway Administration at more risk under the Indian Railways Act 1989?
Q 19. Goldie books 7 boxes by a MTO (Multimodal Transport Operator). The weight of these boxes was 500 kgs. These goods were lost in transit. Calculate the amount the MTO will have to pay?
Q 20. When goods have arrived by rail and they are deficient in weight although the outwardly condition is good, the consignee should take a _________ from the carrier if deficiency in weight is proved.
Q 21. As per the Sue and Labour clause, who should take all practical steps to avert or minimise the loss or damage?
Q 22. For what period can Ship Builders insurance policy be granted?
Q 23. A sea going vessel RATNA has a GRT of 7000 and insured value of Rs. 500000000. The total loss rate of the vessel is 0.50% and Ex T.L rate is Rs. 40 per GRT with a deductible of Rs.2,00,000. Calculate the SLIP RATE for this vessel.
Q 24. Identify the CORRECT statement with respect to #39;Bottmary loans#39;.
Q 25. As per the Major Port Trusts Act, 1963 of India, what happens if the goods are not cleared in 7 days from the date of landing?
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