SECTION A $(16)$

Question $1$

$($i$)$ Name two types of international trade

$(1)$

$($ii$)$ What is an indent?

$(1)$

$($iii$)$ Write full form of WTO

$(1)$

$($iv$)$ Describe insurable and non$-$insurable risk

$(1)$

$($v$)$ What is hull insurance?

$(1)$

$($vi$)$ The headquarters of WTO are located at

$(1)$

$($vii$)$ Write full form of F$.$O$.$B$.$ and C&F

$(1)$

$($viii$)$ When WTO was established?

$(1)$

$($ix$)$ GATT. Stands for

$(1)$

$($x$)$ mark is used for electrical products

$(1)$

$($xi$)$ FMCG stand for

$(1)$

$($xii$)$ What is SWOT analysis?

$($xiii$)$ "Caveat Emptor" means

$($xiv$)$ mark is used for gold jewellery

$($xv$)$ What is closed indent?

$($xvi$)$ Give any two causes of business risks

SECTION B $(32)$

Question $2$

$($i$)$ Explain any two characteristics of insurable risks

$($ii$)$ Explain the main types of fire insurance policies

Question $3$

$($i$)$ Explain any two problems in international trade

$($ii$)$ Explain any two features of business environment

Question $4$

Explain any four features of insurance contract