Up to what claim amount does the Bharat Maritime Insurance Pool pay out of its own reserves before the sovereign guarantee is invoked?
- A.USD 50 million
- B.USD 100 million
- C.USD 500 million
- D.USD 1.5 billion
Correct answer
Explanation
The correct answer is USD 100 million. Claims up to that level are met from the pool's accumulated reserves together with its reinsurance recoveries, and the government's guarantee is activated only once those reserves have been completely used up. This layered design is the point of the structure: ordinary losses are absorbed commercially, and the sovereign backing is kept as a last resort so that dependence on it stays minimal. Option D, USD 1.5 billion, is the pool's total underwriting capacity rather than the claim threshold, which makes it a plausible trap. Option A, USD 50 million, and option C, USD 500 million, are invented figures. Candidates should link three numbers in memory: the claim threshold met from reserves, the sovereign guarantee behind the pool, and the overall capacity the pool can write.
Read the full article: Bharat Maritime Insurance Pool Gets Rs 13,906.50 Crore Capacity
Practice Questions
What is the underwriting capacity of the Bharat Maritime Insurance Pool?
- A.Rs 9,500 crore
- B.Rs 12,980 crore
- C.Rs 13,906.50 crore
- D.Rs 20,000 crore
Show answer
This is the total value of risk the pool is able to write, and it makes the pool the first domestic maritime insurance arrangement of that size in India.
Read the full explanation →Which body has been made the Pool Administrator of the Bharat Maritime Insurance Pool?
- A.General Insurance Corporation of India
- B.Life Insurance Corporation of India
- C.Insurance Regulatory and Development Authority of India
- D.New India Assurance Company Limited
Show answer
The correct answer is the General Insurance Corporation of India, better known as GIC Re, which has taken charge as Pool Manager and Administrator and handles the pool's day-to-day running, its performance reporting and its operational systems.
Read the full explanation →How much cargo did India's major and non-major ports handle during 2025-26?
- A.950 million metric tonnes
- B.1,200 million metric tonnes
- C.1,668 million metric tonnes
- D.2,400 million metric tonnes
Show answer
India works 12 major ports and 217 non-major ports, so the total covers both categories together.
Read the full explanation →What was the theme of the 14th India Chem 2026 held in Mumbai?
- A.Advantage Bharat: An Emerging Global Chemicals Hub
- B.Chemicals for a Viksit Bharat
- C.Green Chemistry, Green Growth
- D.Make in India, Mix in India
Show answer
The 14th edition of India Chem was organised in Mumbai from 22 to 24 October 2026 as a three-day event aimed at drawing investment and promoting sustainable growth in chemicals and petrochemicals.
Read the full explanation →Which of the following is NOT one of India's three operational Petroleum, Chemicals and Petrochemicals Investment Regions?
- A.Dahej in Gujarat
- B.Paradeep in Odisha
- C.Visakhapatnam-Kakinada in Andhra Pradesh
- D.Haldia in West Bengal
Show answer
India has three operational PCPIRs: Dahej in Gujarat, Visakhapatnam-Kakinada in Andhra Pradesh and Paradeep in Odisha. Haldia is not among them, so option D is the exception.
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