CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Marine Insurance

Select the op...

Question

Select the option from the choices given below:
A ________ covers goods kept at different places.

A

valued policy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

floating policy

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

comprehensive policy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

none of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B floating policy
A marine insurance policy where only the amount of claim is specified and all other details are omitted till the time the ship embarks on its journey, is known as floating policy. For clients who undertake frequent trips of cargo transportation through waters, this is the most ideal and feasible marine insurance policy.

Suggest Corrections

thumbs-up

0

Similar questions

Select the option from the choices given below:

______ is a kind of marine policy which covered risk for a fixed period.

Q. Select the correct option from the options given below and rewrite the sentences.

Cottage industries are specialized in _______.

(a) Luxury goods
(b) imported goods
(c) consumers goods

Q. Select the proper option from the options given below and rewrite the sentences.

One price shop sales the goods at ________ prices.

(a) High
(b) Low
(c) Fixed

Q. Select the proper option from the options given below and rewrite the sentences.

A retailer purchases goods from ________.

(a) Wholesaler
(b) Producer
(c) Customer

Select a word, term or a phase which can substitute the statements:

An insurance policy, covering goods of different types of lying at different places.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Business Services - Insurance - Types

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Marine Insurance

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon