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46.
Contents of Marine Insurance include -
- A.Insurance of Cargo only
- C.Insurance of Hull only
- B.Insurance of Freight only
- D.Insurance of Cargo, Freight & Hull
- Answer
- Report
Answer : [D]
47.
In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called -
- A.Reinsurance
- C.Joint Insurance Policy
- B.Double Insurance
- D.Separate Insurance
- Answer
- Report
Answer : [A]
48.
Fire Insurance is based on the principle of -
- A.Utmost Good faith
- C.Indemnity
- B.Insurable Interest
- D.Cooperation
- Answer
- Report
Answer : [C]
49.
The Life Insurance in India was nationalized in the year -
- A.1870
- C.1960
- B.1956
- D.1966
- Answer
- Report
Answer : [B]
50.
Which is not a insurable risk ?
- A.Accident Risk
- C.The Risk of Trading in New Market
- B.Loss of Crops Risk
- D.The Risk of Sinking of a Ship
- Answer
- Report
Answer : [C]
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