Para 13.2 Exam Marine Memory based Questions : 28 September 2024 Exam

Marine Questions asked in Para 13.2 Exam : 28 September 2024 Exam

As we all know, Institute of Banking Personnel Selection conducts the Para 13.2 examination every year for Assistants seeking promotion in the insurance sector. Here, we are providing the Marine Insurance questions asked in the Para 13.2 Exam 2024.

The notification for the 2024 session of the Para 13.2 Examination was released in August 2024, and the examination was conducted on 28 September 2024. Candidates can go through the Marine Insurance questions asked in the Para 13.2 Exam 2024 for better preparation and practice.

Marine Questions- 28 Sept 2024 (Paper Level-Moderate)

1. In marine cargo insurance, the customary trade loss during the course of transit is known as-Ullage
2. Montreal conversation goods by Air
3. The Rotterdam Rules deal with the international carriage of goods by sea

4.Doc not required in recovery

5. Who issue bill of entry – Custom House Agent (CHA)/Customs Broker with the Customs authorities for clearance of imported goods.
6. Wheat and rice bales loss related claim calculation – Claim=(Quantity Lost×Rate)−Salvage
7. What term is used for expenses incurred by the insured to minimize a loss covered under the policy?-Sue and labour
8. Which policy is not transferrable, Policy cannot transfer to
9. Salvage charge not applicable in which ICC- They are applicable in all ICC clauses (A, B & C).
10. Not cover in ICC C- Theft / Pilferage / Non-delivery, Leakage and breakage, Rainwater damage , Hook damage , Rough handling damage, Malicious damage , Most accidental damages unless caused by named perils
11. Not cover in ICC B- Theft / Pilferage / Non-delivery , Leakage and ordinary loss in weight or volume , Wear and tear , Insufficient packing , Delay losses , Inherent vice , Malicious damage , War and strike risks (unless separately covered) , Ordinary breakage not caused by insured perils
12. Standing charge % calculation – Standing Charges %=Turnover/Standing Charges​×100
13. How many major port in India –13
14. Duration cover ICC air-War
15. Installment payment allowed which policy?- Declaration Policy / Floater Declaration Policy.
16. For loss, short delivery, delay or damage, what is the duration of claim intimation for recovery-6 months
17. Not assignable policy
18. Practical calculation of loss related to increased value policy
19. In marine shipping, a Note of Protest (NOP), also known as a Sea Protest, is a declaration issued by-Master of ship
20. Hail cover related to
21. Calculation SI given, sue & lab charge given, excess given, survey charge given Loss payable?
22. Abandonment
23. Jute duration clause
24. Export incentive policy basis of valuation

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