FIRE & ENGG.

- II

1. Which one of the following could not be the basis of valuation of

Fire insurance?
a) Market value basis
b) RIV basis
c) Contract price basis
d) Original cost basis
2. Standard Fire Policy doesn’t cover
a) Fire
b) Spontaneous combustion
c) Lighting
d) Aircraft damage
3. Which of following is not operational cover under Engg. Insurance
(a)Boiler Insurance
(b)Machinery Breakdown Insurance
(c) Storage-cum Erection Insurance
(d)Electronic Equipment Insurance
4. Fire policies can be issued for a period of more 12 months in the
following case
a) Shops
b) Factory
c) Dwelling
d) Godown
5. Issue of Fire declaration policy is not possible for
a) Raw material
b) Finished goods
c) Process stock
d) None of the above
6. The maximum possible refund under a fire declaration policy is
a) 60%
b) 50%
c) 40%
d) 30%
7. Under STD Fire & Special Perils policy debris removal upto 1%
of the SI can be covered at an additional premium of
a) 15%
b) 10%
c) 5%
d) nil
8. Minimum premium for a fire policy should be
a) Rs. 30
b) Rs. 50
c) Rs. 100
d) Rs.1000
9. In a fire floater policy the minimum sum insured at one location
should not be less than
a) 50%
b) 25%
c) 10%
d) None of the above
10. RIV policies – the following is not applicable
a) Designation of property
b) Under insurance
c) Depreciation
d) Salvage value
11. In Fire LOP policy, indemnity period means
a) Specified policy period
b) Specified interruption period opted
c) Specified reinstatement period
d) None of the above
12. Unless specified, Fire isurance policy covers works of Art up to a
limit of
a) Rs. 10,000
b) Rs. 15,000
c) Rs. 5000
d) None
13. Loss due to flood on account of Tsunami is covered only when
a) STF I cover is not deleted
b) Add on cover EQ is opted
c) RSMD is not deleted
d) a & b above
14. A fire policy on residence attracts an excess of
a) Rs. 10,000
b) Rs. 20,000
c) Rs. 5,000
d) Nil
15. A CAR policy can be issued where civil work in a project is more
than
a) 60%
b) 50%
c) 40%
d) 25%
16.Which one of the following is not underwritten in Engg. Dept.
a) CAR
b) EAR
c) IAR
d) CECR
17. Which policy is not issued for a period of more than 12 months
a) CAR
b) MCE
c) SCE
d) CPM
18. CPM can be covered under EAR or CAR policy when the value of
CPM does not exceed (*)
a) 25 lakhs
b) 50 lakhs
c) 100 lakhs
d) None
19. Which equipment cannot be covered under EEI policy?
a) Personal Computer
b) Lap top
 c) Sonography
d) MRI Scanner Equipments
20. Excess is not applicable is case of
a) EAR policy
b) EEI policy
c) Boiler & pressure plant policy
d) MBD policy
21.Which of the following is not an add on cover under a project policy
a) Surrounding property
b) Third party liability
c) Off site storage and fabrication
d) Debris of uninsured property
22. Terrorism Pool is managed by
a) Head office of companies
b) Reinsurance committee
c) GIC
d) IRDA
23. In which of the following testing is an inbuilt cover
a) CAR
b) CECR
c) EAR
d) MBD
24. Maximum permissible escalation under an EAR policy is
a) 25%
b) 50%
c) 75%
d) none
25. Which of the following is not a standing charge for LOP / ALOP
a) Insurance premium
b) Advertisement & publicity
c) Rent and Tenants
d) Raw material cost