FIRE AND ENGINEERING

Group 1 SENIORS

Mr S.P.Nanda

1.Which one of the following is a mega risk.

a) A petroleum refinery with sum insured Rs 3000 cr

b) An organisation having 25 different location with overall SI of Rs 2500 cr
c) A power plant with sum insured Rs 2000 cr
d) A fertilizer plant with SI of Rs 600 cr

2. Silent risk under fire policy in manufacturing premises are treated as silent risk
when

a) The factory is closed for 1 week continuously

b) The factory is closed for 15 days continuously
c) The factory is closed for 30 days or more continuously
d) None of the above

3. Please indicate which of the following statements is true.

a) Fire declaration policy is not permissible on short period basis
b) Tsunami is a peril covered in Standard fire policy
c) Fire policies are agreed value policies
d) Stocks can be covered with replacement value clause

4. Which one of the considerations are not taken into account for processing fire
claims
a) Condition of average
b) Breach of warranty
c) Confirmation of surveyor about verification of books of accounts
d) Distance from fire station

5.Which will be treated as Hazardous goods under Fire and special perils policy
a) Methylated spirits
b) Common salt
c) Sodium carbonate
d) Sugar
6.Long term Fire policy can be issued for dwellings

a)For minimum period of 2 years

b)For minimum period of 3 years
c)For minimum period of 5 years
d) None of the above

7.Following add on covers are not available in standard Fire Special Perils Policy

a) Spontaneous combustion
b) Loss of rent clause
c) Start up expenses
d) None of the above

8. Which of the following losses is not covered under fire insurance policy?

a) Process losses
b) Impact Damage
c) Missile testing operations
d) Aircraft damage

9. In Consequential Loss (Fire) Insurance Policy, the sum insured is arrived at by

a) All standing charges plus net profit
b) Specified standing charges plus net profit
c) Only net profit
d) None of the above

10) Automatic reinstatement clause deals with

A) Insurance of stocks
B) Insurance of plant and machinery
c) Insurance of hazardous goods
d) Claim under fire policy