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
Correct answer
Explanation
The correct answer is Rs 13,906.50 crore, which is roughly USD 1.5 billion. 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. Option B, Rs 12,980 crore, is the tempting distractor because that figure does belong to the scheme, but it is the sovereign guarantee the government has extended to stand behind the pool, not the underwriting capacity itself; the two numbers are deliberately different, with the guarantee a little smaller than the capacity. Option A, Rs 9,500 crore, and option D, Rs 20,000 crore, are simply invented amounts and appear nowhere in the description of the pool. Aspirants should remember the pair together: capacity Rs 13,906.50 crore, guarantee Rs 12,980 crore.
Read the full article: Bharat Maritime Insurance Pool Gets Rs 13,906.50 Crore Capacity
Practice Questions
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 →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
Show answer
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.
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
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India works 12 major ports and 217 non-major ports, so the total covers both categories together.
Read the full explanation →How many Central Public Sector Enterprises took part in the MSME Ministry's round table discussion?
- A.15
- B.24
- C.30
- D.42
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The announcement states that thirty Central Public Sector Enterprises joined the discussion, and names BHEL, BEL, NTPC, AAI, BEML and Coal India Limited among them.
Read the full explanation →Which scheme of the MSME Ministry handholds SC/ST micro and small enterprises for public procurement?
- A.National SC-ST Hub Scheme
- B.Prime Minister's Employment Generation Programme
- C.Credit Guarantee Fund Trust for Micro and Small Enterprises
- D.Udyam Registration
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The Joint Secretary told the round table that the promotion and handholding done under this scheme has steadily raised the share of SC/ST micro and small enterprises in public procurement, and the scheme's field offices are the ones being asked to coordinate more closely with the Government e-Marketplace and with…
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