Vidyalelo
Management · Q123

International Finance and Treasury

Graduate and Post Graduate · Management · question 123

Q123

The insurance policy that covers exporters against commercial and political risk is.

A.
General insurance
B.
ECGC
C.
Marine insurance
D.
Fire insurance
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
The insurance policy that covers exporters against commercial and political risk is Fire insurance. Under this policy, the insurer covers some of the buyers and in case of any event, pays an agreed percentage of an invoice.