New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A policy that covers the loss of stock due to

    refrigeration failure is:
    A Electronic Equipment Insurance Correct Answer Incorrect Answer
    B Machinery Breakdown Insurance Correct Answer Incorrect Answer
    C Machinery Loss of Profits Insurance Correct Answer Incorrect Answer
    D Deterioration of Stock Insurance Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Deterioration of Stock Insurance provides coverage for losses resulting from the spoilage or deterioration of perishable goods due to refrigeration failure.

    Practice Next