Question

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

a.

They sent their goods in different ships.

b.

They paid extra money to their lenders.

c.

They practiced advance payment for funeral expenses.

d.

They formed Benevolent Societies.

Posted under IC38 Life Insurance Agent Exam

Answer: (a).They sent their goods in different ships. Explanation:Traders of Rhodes shared losses if any of them lost their goods due to jettison by sending their goods in different ships.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

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

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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

Q. Which government entity transacts life insurance known as Postal Life Insurance?

View solution

Q. Is India Post exempt from the purview of the Insurance Regulator?

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!

Biochemistry

Delve into the intricate world of Biochemistry with our Biochemistry category....

Human and Cultural Diversity

Explore the rich tapestry of human societies with our Human and Cultural Diversity...

Geotechnical Engineering

Dive into the world of Geotechnical Engineering with our dedicated category. Explore...

Engineering Geology

Explore the dynamic field of Engineering Geology with our specialized category. Delve...

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

Enzyme Technology

Unlock the power of enzymes with our Enzyme Technology category. Explore enzyme...

Environment Management

Master the art of Environment Management with our specialized category. Explore...

Environmental Biotechnology

Discover the intersection of biology and environmental science with our Environmental...

Avionics Engineering

Soar into the world of aviation technology with our Avionics Engineering category....