Fire & Engineering

B. Sampath Kumar
H.L. Teckchandani
Dr. S.C. Mukherjee
Ms. Nirmala Ravishankar
R.C. Jaisal
!. The essentials "# $ire are
a% $uel & '()*en
+% $uel & C', & -*niti"n
c% $uel. Nitr"*en & Spark
d) Fuel, Oxygen & Source of ignition
,. / tin) sect"r industr) is "ne havin*
a% S- 0pt" Rs.1 lac
b) SI upto Rs.10 lacs
c% S- upt" Rs.12 lacs
d% S- upt" Rs.! Cr"re
3. Declarati"n 4"lic) has minimum S.-. "#
a% Rs.1 cr"res
+% Rs.!2 cr"res
c) Rs.1 crore
d% Rs.2.12 cr"re
5. Declarati"n 4"lic) can +e issued
a% $"r sh"rt peri"d
+% St"cks under*"in* pr"cess
c% St"cks in Rl) Slidin*s
d) Fluctuation in stock
1. Minimum S- #"r #l"ater declarati"n p"lic)
a% Rs.1 Cr"res
+% Rs.!2 Cr"res
c% Rs.!1 Cr"res
d) Rs. !rores
6. L"n* Term 4"licies $ire can +e issued
a% 'nl) #"r sh"ps
b) Only for d"elling
c% 'nl) #"r manu#acturin* risk
d% 'nl) #"r st"ra*e *"d"ns
7. C"8-nsurance in $ire 4"licies pertain t"
a% S.-. distri+uted "ver n". "# l"cati"ns
b) #olicy s$ared a%ongst &arious insurers
c% D"u+le insurance
d% -nsured 'ptin* #"r an hi*her e(cess
9. $:/ Disc"unt applica+le #"r H"use /ppliance & H)drant s)stem
a% !2;
+% 7.1
c% !1;
d) 5%
<T' B: DR'44:D=
>. Reinstatement value p"lic) can +e *iven t"
a% St"cks
b) 'ldg. , #lant & (ac$inery
c% St"ck in 4r"cess
d% /ll the a+"ve
!2. ?hich "# the #"ll"in* statements is inc"rrect under $ire 4"lic) under a*reed
+ank clause
a) (aterial c$ange in risk does not effect t$e interest of t$e 'anker
+% @alued 4"licies can +e issued h"se mkt. @alue cann"t +e ascertained
c% -n multiple "ccupanc) +uildin* per se ratin*s is permitted
d% -nsura+le interest d"es n"t aut"maticall) pass "n t" the le*al heir
!!. Reinstatement value p"licies are characteriAed +)
a) )$e de&iation fro% t$e principle of inde%nity
+% Reinstatement ritten si( m"nths "# the less
c% 0B-nsurance +ased "n Market value
d% /ppl)in* the avera*e clause "n the date "# l"ss
!,. :(8*ratia settlement in #ire p"licies are
a% 0nder -nsurance
b) *oss outside t$e a%bit of t$e policy
c% C"ntri+uti"n
d% Su+r"*ati"n
!3. 4"lic) "rdin* a#ter 2!B2!B,227 cann"t +e altered earlier than
a% 32.26.,227
+% 32.2>.,227
c) 01.0+.00,
d% 3!.!,.,227
!5. 4r"ject 4"licies are
a) -ll risk
+% Named 4erils
c% C"nseCuential L"ss
d% /*reed @alue
!1. $ire Business is 0B? "n the +asis "#
a% L"n* Tail lia+ilit)
+% L"ss Reserve
c% 4r"#it Mar*in
d) #robable (axi%u% *oss
!6. 4ercenta*e "# "+li*at"r) cessi"n t" D-C is
a% 32
+% ,2
c) 1.
d% !2
!7. C4M is
a% C"vera*e all risk p"lic) ith inclusi"n "# Breakd"n
b) -ll risk policy "it$ exclusion of breakdo"n
c% Sel# pr"pelled machineries "n 4u+lic B 4rivate R"ad
d% N"ne "# the a+"ve
!9. $':S is an e(tensi"n underE
a% C4M
+% C/R
c) /OS
d% MB'
!>. Silent Risks means m"re than 32 da)s under
a% N" Risk
b) 0o %anufacturing acti&ity including storage
c% N" manu#acturin* activit) e(cludin* st"ra*e
d% /nnual "ver handlin* "# machines B plants
,2. DS0 stands #"r
a) /elay in start up insurance
+% Derivatives st"ck units
c% Dead st"ck under insurance
d% Diluted st"ck undertakin*
,!. / machine "rth Rs.52.222B8 insured #"r Rs.32.222B8 under $ire 4"lic). -t as
dama*ed due t" #ire and the am"unt assessed in Rs.!6.222B8 The claim pa)a+le isE
a% Rs.32.222B8
b) Rs.1,00012
c% Rs.!6.222B8
d% Rs.52.222B8
,,. Material dama*e pr"vis" under the C"nseCuential L"ss F$ire -nsurance% meansE
a) clai%s ad%issible under Standard Fire and Special #erils #olicy
+% 'ccurrence "# the l"ss
c% L"ss disc"vered durin* st"ck takin*
d% L"ss "# *""dill
Bullet Questions:
!. / 4u+lic Sect"r Cust"mer in past )ears has *"t his Buildin*. R"ads & $lats
c"verd the risks at +""k value. N" the desires t" c"ver "n adeCuate value.
4lease ela+"rate the applicati"n and c"ncept "# R-@ insurance in #ire.
,. 'pen market & ec"n"m) is a +uAA "rd. Kindl) discuss in terms "# detari##in* "#
#ire & en*ineerin* -nsurance in c"rrelati"n t" the re#"rms pr"cess in "ur present
ec"n"m).