IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 10

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Que. 1 : Q1) As per AIFT how many earthquake zones are available?

   1.  a) 3

   2.  b) 4

   3.  c) 5

   4.  d) 6

Que. 2 : Q2) Which of the following regarding Petrochemical
risks is false

   1.  a) Class A and/or B Hydrocarbon/natural
gas should be the basic raw materials

   2.  b) Sum Insured of Class A/Class B
Hydrocarbon/natural gas >35% of TSI

   3.  c) TSI in one Compound/Complex exceeds
Rs100 Cr

   4.  d) None of the above

Que. 3 : Q3) Rating under Petrochemical tariff is based on

   1.  a) Material factor of the raw materials
and hold up capacity

   2.  b) Pressure and temperature

   3.  c) None of the above

   4.  d) Both (a) & (b) above

Que. 4 : Q4) For a RIV Policy the insured has to give his
concurrence for settlement at market value basis

   1.  a) On day of loss

   2.  b) Within 12 months from date of loss

   3.  c) Within 180 days from date of loss

   4.  d) Not at all

Que. 5 : Q5) Turnover is Rs.10 lacs. Cost of production Rs.
7 lacs. Fixed overheads Rs.2 lacs. Calculate the net profit for consequential
loss (fire) policy.

   1.  a) 1 lacs

   2.  b) 3 lacs

   3.  c) 5 lacs

   4.  d) 8 lacs

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