IC60 MARINE CARGO INSURANCE UNDERWRITING - 02
| Q1.How much is the minimum per policy in the case of sheep insurance? |
| a) There is no specified minimum premium |
| b) Rs. 30 per policy |
| c) Rs. 50 per policy |
| d) Rs. 100 per policy |
| Q2.In the horticulture crops insurance scheme, for Citrus policy period will be ___ from the date of issue of policy. |
| a) 1 year |
| b) 2 years |
| c) 3 years |
| d) 4 years |
| Q3.Which can affect crop yields as well as the type of crops that can be grown in certain areas, by impacting agricultural inputs such as water for irrigation, amount of solar radiation that affects plant growth? |
| a) Future projections |
| b) Climate change |
| c) Financial risk |
| d) Production risk |
| Q4.Inland Fish Insurance Scheme, covers only total loss and in case the percentage of loss of any particular stage is equal to or exceeds ___ of the total population of fish in the pond it is treated as a total loss. |
| a) 60% |
| b) 70% |
| c) 80% |
| d) 90% |
| Q5.In Rabbit Insurance Scheme, rabbits in the Age group of 1 day to 4 years can be covered but death due to disease till they complete the age of _ is not covered. |
| a) 15 days |
| b) 30 days |
| c) 45 days |
| d) 60 days |
| Q6.Which is generally associated with coverage against all perils that could affect the yield and difficulty lies in designing programs, which will be able to respond only to definitive action of an insured peril as opposed to normal yield variation or the effects of poor husbandry refers to? |
| a) Crop insurance |
| b) Yield assurance |
| c) Cattle insurance |
| d) Poultry insurance |
| Q7.Which of the following is true regarding non-proportional agricultural reinsurance? |
| a) Liability of the reinsurer is less as compared to the premium he receives |
| b) Liability of the reinsurer is not proportional to each risk but based on agreed parameters. |
| c) Liability of the reinsurer is greater as compared to the premium he receives |
| d) Quota share is an example of non-proportional reinsurance. |
| Q8.Answer with regards to Comprehensive cover for poultry farms'. If there is a delay of more than___days in reporting a claim, the claim would be treated as non-standard. |
| a) 2 |
| b) 3 |
| c) 4 |
| d) 5 |
| Q9.For 75% of subsidy to farmers subject to a minimum net premium of 6%, What will be the premium slab? |
| a) amp;amp;gt;2 - 5% |
| b) and 5 - 10% |
| c) >10 - 15% |
| d) 15% |
| Q10.Market based activities and publicity provided mechanisms are referred as |
| a) Formal mechanism |
| b) Informal mechanisms |