Final answer:
Silane (SiH₄) is indeed highly combustible and poses a significant fire hazard due to its ability to spontaneously ignite in air.
Step-by-step explanation:
The question asks whether Silane (SiH₄) is highly combustible and creates a fire hazard. The answer is True. Silane is a chemical compound made of silicon and hydrogen that is indeed highly combustible when it comes into contact with air. This compound can ignite spontaneously in air, producing a flame and releasing a considerable amount of energy, which constitutes a significant fire hazard.