Question

Which traders paid extra money to their lenders to write off loans if shipments were lost or stolen?

a.

Traders of Babylon

b.

Traders of Bharuch

c.

Traders of Rhodes

d.

Chinese traders

Posted under IC38 Life Insurance Agent Exam

Answer: (a).Traders of Babylon Explanation:Traders of Babylon paid extra money to their lenders to write off their loans if shipments were lost or stolen.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which traders paid extra money to their lenders to write off loans if shipments were lost or stolen?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. In which societies did Greeks and English people practice advance payment to take care of family members who died?

View solution

Q. What did traders of Rhodes do to share losses if any of them lost their goods due to jettison?

View solution

Q. Where did the origins of modern commercial insurance start?

View solution

Q. Which company is considered to be the first life insurance company in the world?

View solution

Q. When did modern insurance in India begin?

View solution

Q. Which was the first life insurance company to be set up in India?

View solution

Q. Which was the first Indian insurance company?

View solution

Q. Which is the oldest insurance company in India?

View solution

Q. When was the Insurance Act 1938 passed in India?

View solution

Q. When was the life insurance business nationalized in India?

View solution

Q. When was the non-life insurance business nationalized in India?

View solution

Q. Which committee recommended the opening of the insurance market for competition in India?

View solution

Q. When was the insurance market in India liberalized?

View solution

Q. What is the role of the Insurance Regulatory and Development Authority of India (IRDAI)?

View solution

Q. What is the maximum percentage of paid-up equity capital that foreign investors are now allowed to hold in an Indian insurance company?

View solution

Q. What type of insurance can foreign insurers now establish branches for in India?

View solution

Q. How many life insurance companies are currently operating in India?

View solution

Q. How many general insurance companies are there in India?

View solution

Q. Which is the reinsurance company in India?

View solution

Q. How many foreign reinsurers operate through branch offices in India?

View solution
View All MCQs on IC38 Life Insurance Agent Exam

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Electronics and Communication Engineering

Explore the dynamic field of Electronics and Communication Engineering with our...

Basic Chemical Engineering

Get a solid foundation in Chemical Engineering with our Basic Chemical Engineering...

Mechanical Engineering

Explore the world of Mechanical Engineering with our specialized category. Dive into...

Cytogenetics

Delve into the genetic mysteries of chromosomes with our Cytogenetics category....

Business Statistics

Uncover the power of data analysis with our Business Statistics category. Explore...

Power Plant Engineering

Embark on a journey through the fascinating domain of Power Plant Engineering, where...

Textile Engineering

Explore the dynamic world of Textile Engineering with our specialized category. Delve...

Analytical Instrumentation

Dive into the world of precise measurements with our Analytical Instrumentation...

Human Anatomy and Physiology

Embark on a journey through the human body with our Human Anatomy and Physiology...