Change set

Pick exam & year, then Go.

Question map
Not attempted Correct Incorrect Bookmarked
Loading…
Q61 (IAS/2026) Economy › Industry, Infrastructure & Investment Official Key

Which of the following statements about insurance in aviation sector is/are correct?

1. 'Aviation : Hull Insurance' covers the physical aircraft, including the body, engine, and on-board equipment.
2. Under the Montreal Convention, adopted in 1999 by over 130 countries, including India, airlines are strictly liable to pay compensation to the family/nominee of every deceased passenger without requiring the family to prove fault.

Select the answer using the code given below:

Result
Your answer:  ·  Correct: C

Explanation

Statement 1 is correct: Aviation Hull Insurance is a specific insurance policy designed to cover physical damage to the aircraft itself. This includes the airframe (body), engines, avionics, and other on-board equipment. It provides financial protection against risks while the aircraft is on the ground, taxiing, or in flight, which is distinct from liability insurance that covers third-party damages.

Statement 2 is correct: The Montreal Convention of 1999 (formally the Convention for the Unification of Certain Rules for International Carriage by Air) establishes a modern framework for airline liability. It introduced a two-tier liability system for passenger death or bodily injury. Under the first tier, airlines bear strict (no-fault) liability up to a specified limit (currently over 128,000 Special Drawing Rights). This means the family or nominee of a deceased passenger is entitled to compensation without needing to prove the airline's negligence or fault. India acceded to the Convention and implemented it through the Carriage by Air (Amendment) Act, 2009.

How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
53%
got it right

PROVENANCE & STUDY PATTERN

Guest preview
Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Which of the following statements about insurance in aviation sector is/are correct? 1. 'Aviation : Hull Insurance' covers the physical airc…
At a glance
Origin: Mostly Current Affairs Fairness: Low / Borderline fairness Books / CA: 0/10 · 10/10
You're seeing a guest preview. The Verdict and first statement analysis are open. Login with Google to unlock all tabs.

This is a classic bouncer drawn from deep current affairs and specialized legal frameworks, likely triggered by recent aviation incidents or insurance sector reforms. UPSC is testing your awareness of international conventions beyond the usual environmental ones (Montreal Protocol vs. Montreal Convention). Don't panic if you don't know the exact insurance terms; focus on the legal principle of 'strict liability' which frequently appears in news regarding disaster compensation.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Current-affairs signal
CA salience: moderate CA window: 2025-05-27 → 2025-11-16 Strong web sources: 3
Statement 1
What does Aviation Hull Insurance cover regarding the physical aircraft, engines, and equipment?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable
Web / Current Affairs
cdnbbsr.s3waas.gov.in Primary · Govt
Presence: 5/5
Why this source?
  • Official tender document from the Civil Aviation Department, Haryana, for aviation insurance.
  • Explicitly lists the components to be insured under the policy, including the airframe, engines, and standard instruments/equipment.
  • Distinguishes between the 'present value of the aircraft with standard instruments' and 'extra equipment and accessories' for insurance declaration purposes.
scholar.smu.edu Standard ref
Presence: 5/5
"Aircraft hull represents actual physical damage to the aircraft itself. Aircraft hull insurance protects aircraft owners, operators, and other parties... from replacement costs, repairs, accidental loss of, or damage to the aircraft."
Why this source?
  • Academic legal journal providing a technical definition of aviation hull insurance.
  • Confirms that hull insurance specifically covers 'actual physical damage' to the aircraft itself.
  • Notes that it protects against replacement costs, repairs, and accidental loss.
www.gstcouncil.gov.in Primary · Govt
Presence: 4/5
"997135 (Marine, aviation, and other transport insurance services)... underwriting services of insurance policies which cover risks of damage to or loss of property."
Why this source?
  • Official GST Council document classifying insurance services.
  • Categorizes aviation insurance under 'Marine, aviation, and other transport insurance services' (Code 997135).
  • Defines the scope as underwriting risks of damage to or loss of property for aircraft.
How to study

This tab shows concrete study steps: what to underline in books, how to map current affairs, and how to prepare for similar questions.

Login with Google to unlock study guidance.

Micro-concepts

Discover the small, exam-centric ideas hidden in this question and where they appear in your books and notes.

Login with Google to unlock micro-concepts.

The Vault

Access hidden traps, elimination shortcuts, and Mains connections that give you an edge on every question.

Login with Google to unlock The Vault.

✓ Thank you! We'll review this.

SIMILAR QUESTIONS

CDS-II · 2025 · Q108 Relevance score: -0.40

Which of the following statements is/are correct ? 1. The Government of India has discontinued the Pradhan Mantri Fasal Bima Yojana. 2. The Government of India has approved the continuation of Restructured Weather Based Crop Insurance Scheme. Select the answer using the code given below :

IAS · 2004 · Q76 Relevance score: -1.59

Consider the following statements: 1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India. 2. The Kisan Credit Card holders are provided personal accident insurance of Rs 50,000 for accidental death and Rs 25,000 for permanent disability. Which of the statements given above is/ are correct?

IAS · 2006 · Q147 Relevance score: -1.67

Consider the following statements: I. Life Insurance Corporation of India is the oldest insurance company in India. II. National Insurance Company Limited was natinoalised in the year 1972 and made a subsidiary of General Insurance Corporation of India. III. Headquarters of United India Insurance Company Limited are located at Chennai. Which of the statements given above are correct?

CAPF · 2009 · Q10 Relevance score: -2.04

Consider the following statements about Employees’ State Insurance (ESI) Act, 1948 : 1. The Act is applicable to non-seasonal factories using power and employing 20 or more persons. 2. The ESI Scheme has already been implemented in different areas in all the States/Union Territories of India. 3. ESI Scheme being contributory in nature* all the employees in the factories or establishments to which the Act applies shall be insured. Which of the statements given above are correct ?

UPPCS · 2024 · Q90 Relevance score: -2.05

With reference to "FLY91" which of the following statements is/are correct? 1. It is a newly launched airline in India. 2. Its inaugural flight took off from Manohar International Airport on 18th March, 2024. Select the correct answer from the codes given below :