Fire Paper Questions asked in Para 13.2 Exam : 5 November 2022 Exam

06/08/2023

Para 13.2 Exam 2022 Questions Asked In Fire Subject: 5 November 2022 Exam

As we all know that IBPS conducted Para 13.2 exam for Assistant every year for promotion in insurance sector. So here we are proving the Questions Asked in Fire Subject 2022 exam. You can Check the Fire Questions Asked in para 13.2 exam 2022.

The Para 13.2 previous year Technical Paper (Paper 1) Questions will help the aspirant in better preparation and plan according to it. Having an idea about the previous year questions of the Para 13.2 exam will help the aspirant to plan the strategy for the preparation of the exam of the current year.

a surveyor take more than————— from the date of is appointment to furnish his report: Six months

Storage of hazardous goods allowed upto __%- 5%

If loss is caused by excepted peril- No liability

Whether goods held in trust under sookshma policy can be covered or not- Is covered under sookshma & laghu both

Floater cover in built in sookshma or laghu or both- In built cover in sookshma

What is not verified at the time of loss – TP promises
Premium for add ons should not exceed _% of base premium- 50%

Lop indemnity period – 3 months to 3 years
A warranty is an undertaking by the insure- that some particular thing shall or shall not be done or that some condition shall be fulfilled or –Ans : both true

Risk warranty clause meaning- The underwriters keep Risk XoL (individual single large loss) and CAT covers (event losses) separate from each other by “two risk warranty” clause

GP formula : TO-VC
Fire is under section 2 of insurance act- 1938

Which principle is not in fire.- Arbitration

Which charges do not vary-Standing charges

Which principle gives leagal validity to insurance- Insurable interest

Depriciation is based On- Actual Intrinsic Value

(Paints & Varnished FF < 32’C) Material stored in Tin, drum considered- Category 3

Misrepresentation will avoid the contract if if- it is material

Resistance of a class 1 building- 4 hours

20.Thickness of perfect party wall- 400 mm

System by which water supply provided using Pipe, Hose, Nozzle to the Place of fire- Hydrant System
Indemnity period commences on- Date of loss

23.Retention limit depends upon – fin. Status, Portfolio,Premium, Profit, Capital, Reserves etc- All of the Above

Incidental open storage up to ————— of sum insured on stocks can be allowed- 2%
Underinsurance in BG policy- Not applicable
Difference basis- TO+Closing-opening-Expenses

27.Optional cover in IAR Policy- MLOP

28.Declaration Not required in BGRI for content- 5 lacs & 1 Lacs

29.Bharat suksham S.I. limit- Upto 5 crore

30.Under Insurance in BGRI- Not applicable

31.In BGRI on completeion of 1st year S.I. is 11 Crore then maximum possible S.I. will be

-20 crore (after 10 Years)

32.Addition of Suminsured 46+5 Lacs – what should do with Laghu/Suksham Policy

–Will be continued till renewal & corrected on renewal due to 15% addition allowed

33.In Claim form, confirmation not required for- Any Promises made to/by 3rd Party

34.Indemnity of second hand machinery- Depreciation deducted

Define betterment in machinery-Improvement due to repair Machine’s capacity increases
Excess of loss treaty is- Non Proportional R.I.
Under Laghu Udhyam – Indemnity of Raw material is- Landed cost at the place of Loss

38.In escalation clause if loss occurred then S.I. Escalation calculated from- Inception to date of loss

39.Material/Goods stored in Sugar mill compound (Not outside)- Section 4