Super 30 GK questions on Aviation Insurance will be very helpful to all students and industry professionals. Before starting let’s discuss the origin of Drone Insurance with some details.
Aviation industry is quite diverse in its scope, from the perspective of flying vehicles, it covers hang-gliders, parachutes, balloons, helicopters and fixed-wing aircraft.
The risks involved in the aviation industry can result in catastrophic consequences. The aviation class of insurance primarily aims at catering to the risk management needs of the aviation industry.
Aviation insurance emerges from Marine Insurance, aircraft were insured in the marine department and underwriting of aviation policies was done by Marine underwriters.
This was because there was not sizable business to create a separate class or department. But with time aviation industry grows very rapidly and it requires specialized underwriting due to the varied nature of risks involved.
All this gave birth to a new aviation industry with separate classes and departments.
Aviation is about the conquest of the air, the conquest of altitude and conquest of distance.
It’s over time grew into conquest of the planet earth and in terms of aerospace technology, a major step in the conquest of the universe, the ultimate human dream. In the process, it has achieved technological breakthroughs and the story of aviation is as thrilling as, if not more than, that of the conquest of lands and conquest of seas.
The below super 30 GK questions on Drone Insurance will definitely prove a stepping stone to all students and young aspirants of the Insurance industry.
Q-1- First practical airplane flight was _______ in ______.
- Wright brothers, 1905
- Wilbur, 1867
- Oraville, 1871
- None of above
Option-1 The first practical airplane was built by Wright Brothers in 1905
Q-2- First official airmail flight by a heavier than aircraft in _______.
- 1905
- 1911
- 1915
- 1920
Option-2 First official airmail flight by a heavier than aircraft in 1911 by the Indian government and British-owned aircraftflown by a French pilot.
Q-3- First airmail flight flown by french pilot ____________
- Walter George Windham
- Charles Lindbergh
- Winston Churchill
- Henri Pequet
Option-4 The flight was conducted by Frechman Henri Pequet on February 18, 1911.
Q-4- First regular scheduled Airmail service by ________.
- Germany
- Canada
- Austria
- Russia
Option-3 The first regularly scheduled airmail service was inititated by Austria on March 31, 1918.
Q-5- ‘DELAG’ was the _________________
- First commercial airline
- First passenger airline
- First practical airline
- First airmail service
Option-2 DELAG was the world’s first passenger airline. ‘DELAG’ means Deutsche Luftschiffahrts- Aktiengesellschaft of German Airship Transportation Corporation Ltd.
Q-6- Aviation Insurance was written by
- Property Underwriters
- Vehicle Underwriters
- Marine Underwriters
- Fire Underwriters
Option-3 In Early days Aviation Insurance was written by Marine Underwriters.
Q-7- Insurance placement is made on
- Subscription market basis
- Floating value basis
- Agreed value basis
- None of above
Option-1 Airline exposure insurance placement is on Subsription market basis
Q-8- Full form of IATA is
- International Air Transportation Association
- International Air Transport Association
- Indian Air Transportation Association
- Indian Air Transport Association
Option-1 International Air Transport Association
Q-9- IATA is having headquarter in___________
- Montreal, Canada
- The U.S.A
- Canada
- Russia
Option-1 IATA is having its headquarter in Montreal, Canada