GIPSA - Questionnaire

GROUP-I

1. Mr. J. Raj Kumar

2. Mr. Vishwa Mohan
3. Mr. R. K Jain
4. Mr. Raghavan
5. Mr. Shethy

1. Can the following add-on covers be granted under fire

policy?

(a) E. Q. Cover
(b) Terrorism cover
(c) Deterioration of stocks in cold storage due to
temperature change
(d) All of above

2. Which of the following losses are covered under a fire

policy?

(a) Cost of extinguishing the fire

(b) Theft after fire
(c) Loss of market
(d) Loss of delay in executing order

3. Loss by theft is covered under fire policy after occurrence of

which of the following perils?

(a) Earthquake / flood

(b) Fire
(c) Riot strike & malicious damage
(d) None of the above
4. The insurance does not cease to attach if:

(a) Trade or manufacturing activity is changed

(b) Insurance interest changes by will
(c) Remains un-occupied for more than 30 days
(d) All of the above

5. Which of the following is correct?

(a) Fire is an add-on cover

(b) EQ is an add-on cover
(c) STFI is an add-on cover
(d) None of the above

6. Which of the following is covered under RSMD peril?

(a) Total or partial stoppage of work

(b) Loss of rights of possession of buildings and machinery
(c) Visible physical damage by external violent means
(d) None of the above

7. Which of the following statement is true?

(a) Flood & Tsunami both are covered under STFI

(b) Tsunami is covered under EQ extension when STFI
cover is not deleted
(c) All natural calamities are covered under standard fire
and special peril policy
(d) None of the above
8. It is advisable to cover permanent and temporary works
including liability and all material at a contract work site
under:

(a) Standard Fire Policy

(b) Machinery Insurance
(c) BPP Policy
(d) EAR Policy

9. Which of the following statement is true –

In the contractor all risk insurance, the ‘excess’ or deductible
applies separately for ---------------

(a) Storage & construction claims

(b) Maintenance period
(c) Major perils claims
(d) All the above

10. Which one of the following damages are covered under

standard fire & special perils policy:

(a) Water damage caused by fire brigade officials for

extinguishing fire
(b) Damage caused by use of chemicals and foam for
extinguishing fire
(c) Damage caused by blowing up the property to prevent
spreading of fire
(d) All of the above

11. Which of the following losses are payable after a fire within
the meaning of the fire policy:

(a) Smoke & heat damage

(b) Collapse of roof, floors, etc.
(c) Scorching and falling of walls
 (d) All of the above

12. *Which of the following statement is true:

(a) Overflowing or bursting of the banks of lakes, rivers is

covered under the flood cover of fire policy
(b) Damage caused by leakage of water from the
underground water course is covered under flood cover
of the fire policy
(c) Seepage of water from concealed pipelines in a house is
covered under STFI peril under fire policy
(d) All above

13. **In fire Insurance salvage means:

a) All property covered by insurance which escapes destruction

or damage from the operation of an insured peril
b) The residual value of property which is partial damaged
c) The amount of money received from the proceeds from the
sale of salvage
d) Excess of value at risk over sum insured

14. Identify the incorrect statement which shall lead to forfeiture

of all benefits under a fire policy

a) The claim is fraudulent

b) The claim is supported by a false declaration
c) Loss or damage is caused by the intentional act of the insured
d) No blockwise sum insured is specified in the schedule of
fire policy
15 Compulsory excess and A.O.G. excess are not applicable to
fire policy issued to following properties

a) Power Plant
b) Cloth Shop
c) Textile Factor
d) Dwellings

16 Excess in fire policy is

a) Different amount of excess for fire peril & AOG Peril

b) Same amount of excess for fire perils & AOG Peril
c) The same percentage of excess for the peril & AOG Peril
d) None of the above

17 * Which one is correct for occurrence of spontaneous

combustion in the following circumstances

a) Slow oxidation commencing at ordinary temperature

b) Absorption of oxygen from the air by porous substances
c) Action of bacterial reaction leading to oxidation
d) Smoke emanates but fire is not visible

18 Which of the following policy normally cover Lift Cranes,

Material handling plant and equipment in the construction and
project sites

a) Contractor Plant & Machinery

b) Contractor All Risk
c) Marine cum erection Policy
d) Erection All Risk