B.Com. III (Semester VI) (CGPA) Examination, 2018
Advanced Insurance (Paper II)
Day and Date Saturday, 8-12-2018 Max. Marks 70
Time 2.30 p.m. to 5.00 p.m.
N.B. All questions are compulsory.
Figures to the right indicate full marks.
1. Choose the correct alternatives from the given below. 14
hazards are also called as direct hazards.
Physical Cheating
Carelessness All of these
Burglary Insurance is important type of Insurance.
Accident Marine Fire Life
In Marine Insurance covers both voyage and time factor.
Voyage Valued Time Mixed
The loss due to Jettison is covered under a Insurance
policy.
Life Fire Group Marine
Nationalisation of General Insurance Business by central Government is
done in the year
1977 1971 1947 1950
The Head office of General Insurance corporation is at
Delhi Mumbai Chennai Pune
In marine Insurance Time Policy is more useful for Insurance.
Hull Warehouse Goods Fire
In Marine Insurance Policy, Insurable interest must exist at the time of

Claim Taking Policy
Both taking policy and claim None of the above
In Insurance third party liability insurance is compulsory.
Motor Fire Marine General
10) Marine Insurance is useful for business.
small scale Internal
Import-Export Wholesale
11) Valued policy, floating policy, Hull policy are the types of
Insurance.
Fire Marine Health Accident
12) Act was passed in the year 1963.
Insurance Marine Insurance
Life Insurance General Insurance
13) For transfer of Marine Insurance policy is necessary in Insurance
policy.
Assignment clause Attention clause
Valuation clause Hull clause
14) Physical disability means unable to
Work Get medical benefit
Get salary Get fringe benefit
2. Write short notes on any two 14
Importance of Marine Insurance.
Personal Accident Insurance
Nature of Marine Insurance
3. Write answer in brief on any two. 14
Explain fidelity Guarantee Insurance.
Explain types of Marine losses.
Explain main clauses of Marine Insurance.
4. State the procedure of taking Marine Insurance policy. 14
OR
Explain in detail the organisation structure of GIC of India.
5. Explain the important types of Marine Insurance Policy. 14
OR
Explain the various principles of Marine Insurance .