Fire Questions asked in Para 13.2 Exam : 3 September 2023 Exam

28/08/2024

Para 13.2 Exam Fire Memory based Questions : 3 Sept 2023 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 Para 13.2 2023 exam. You can Check the Fire Questions Asked in para 13.2 exam 2023. So the examination for the session of 2023 IBPS has released the Para 13.2 Exam Notification in August 2023 and Para 13.2 exam held on 3 September 2023. Here you can go through the Fire Questions asked in Para 13.2 Exam 2023.

FIRE QUESTIONS- 3 Sept 2023 (Paper Level-Moderate)

In case of a fire policy, the policy generally does not cover-Ans. Indirect expenses
Incidental open storage up to _ of sum insured on stocks can be allowed when the risk is rated under materials stored in godown-Ans 2%
Flammable liquids having flash points above 65°C are categorised under- Category 1
The amount which an insurer is prepared to-Retention
In case of a declaration policy Refund of premium on adjustment based on the declarations cancellations shall not exceed__ of the total premium-50%
“Floater cover” for stocks under a laghu surakhsa policy is available as-Not covered in any manner .
The maximum tenure of h Griha suraksha policy maximum tenure is?-10 years
In case of an ex gratia payment of claim, _ does not apply-Ans. Principle of SUBROGATION.
Basis of indemnity under a BLUS policy -Ans. Market value RIV value and contact price of goods sold but not delivered.
SI more than __ is NOT allowed for BLUS policy is-50 crore
Act of terrorism is present in BG , SU and BL policy as-Ans. In Built covered.
Hazards from the adjoining buildings communicating with insured premises are known as-Ans. Conflagration hazard.
A wall that is of 40mm thickness is known as-Perfect party walls
In case of a fire policy, partial insurance is not allowed , however-Ans. plinth & foundations or the foundation only of a building may be excluded.
Market value is also referred to as- Actual cash value.
Computer system records are- Not allowed in fire policy.
If the parties cannot agree upon a single arbitrator within __ days, of any party invoking arbitration, same shall be referred to a panel of three arbitrator-Ans 30 days
Charges that vary in accordance to the volume of business and are not fixed are called- ans. variable charges.
__ Can be prevented by grounding, humidification and bonding-Ans. Static sparks.
A haystack is ignited and burnt completely by spontaneous combustion, further fire is caught by another 4 haystack. Loss payable will be for-Ans. Only 4 payable
Question on calculation of loss assessment. SI , estimated loss and value of stock was given.
A machine is completely burnt due to short circuit and other 4 machines caught fire. Loss NOT payable will be for-Ans. Only 1 machine. (Due to short circuit)
The additional expenditure cannot exceed the sum produced by-Ans. Economic limit.
Question asking some addition/ difference basis equation-Ans. GP = Turnover + closing stock – opening stock – expenses
On intimation of any loss where a surveyor has to be appointed for assessing a loss / claim, it shall be so done within _ of the receipt of intimation from the insured-Ans. 72 hours.
Subrogation rights arise –Ans. Only after the insured has been indemnified against the loss.
Paints, thinners and varnishes having flash point below 32°C when stored in sealed tins or drums or in bottles and / or in jars-Ans. Category II.