Top 250+ Solved Insurance Management MCQ Questions Answer
Q. __________ means the body or frame of the ship or vessel and its machinery.
a. Cargo
b. Fright
c. Hull
d. Voyage
Q. ________ is the charge to be paid to the transportation of the goods.
a. Hull
b. Cargo
c. Fright
d. Premium
Q. The first requirement of the corporation in the cases of death claim is _____
a. Imitation of death
b. Intimation of death
c. Certificate of death
d. None of these
Q. From the following which is not a content of the letter of intimation
a. Name of the life assured
b. Date of Death
c. Cause of death
d. Date of birth
Q. Expanded form of PPL policy is ___________
a. Policy Procedure of Interest
b. Policy Port of Interest
c. Policy proof of interest
d. Port proof of interest
Q. ___________ Policy is issued to cover the risks involved when the ship isanchored in the post.
a. Cargo
b. Port risk
c. Currency
d. Fleet
Q. ________ policy is taken to cover different risks for a single shipment.
a. Blanket
b. Named
c. Specific cover
d. Block
Q. _______ means the act of throwing a part of the cargo over board lightenthe ship in emergencies
a. Barratry
b. Jettison
c. Waiver
d. Premium
Q. Fire insurance came into existence after the Great Fire of the London in _____
a. 1666
b. 1866
c. 1686
d. 1687
Q. A valuable policy is just opposite to the ________
a. Value policy
b. Valued policy
c. Both
d. None
Q. ________ Policy covers both fixed and current assets of insured manufactures.
a. Block
b. Blanket
c. Transit
d. Excess
Q. _________ is a contract between two insures i.e. original insurer andanother insurer.
a. Insurance
b. Reinsurance
c. Policy
d. Premium
Q. Reinsurance can be called as ________
a. Insurance of Insurance
b. Insurance of insures
c. Insurance of insurance policy
d. None