59.

61,

62,

Consequential 1088 policy covers financial :
(A) Loss due to reduction in the volume of business by fire
(ए) Loss of net profit as a consequence of fire
(0 Loss of profit caused by interruption of business by fire
(D) All of the above

Voluntary throwing away of the cargo or part of vessel's equipment for lightening the vessel
for common safety is termed as :

(ಯ) Barratry (B) dJettison
)0 Restraints (D) Detainments

The cost of repair and replacement of a damaged ship was estimated to be Rs. 60,000
whereas the real value of ship was estimated to be Rs. 50,000. In this case loss is treated as :

{A) Constructive total loss (8) Actual total loss

(0 Particular average loss (D) General average loss
The catastrophe insurance covers risk like :

(4) ‏امن‎ (B) Terrorism

(C) Tsunami (D) Al of these

A nominee is an authorised agent to receive the assured sum :
(A) On the death of the assured
(B) On the maturity of the policy
(9 On the death or maturity whichever is earlier
(D) None of these

A marine policy may be assigned :
ക) Before loss (B) After loss
(C) Either before or after loss ` 0) None of these
The tenure of office of chairperson of IRDA is :
(A) 6years (B) 5years
(€) 3years D) 2years
IRDA was established on the recommendation of ———————— committee.
(A) C. Rangarajan (B) D.R. Mehta
(C) R.N.Malhotra (D) A.C.Shah

28/2018 10 A