IC77 ENGINEERING INSURANCE EXAM - 02

Que. 1 : Q1) The adjustment of sum insured in EAR policy is not done in respect of

   1.  a) freight and handling charges

   2.  b) custom duties

   3.  c) cost of erection

   4.  d) increase or decrease in prime cost of plant and machinery

Que. 2 : Q2) Which of the following is false regarding MBD policy:

   1.  a) No electronic machine is covered.

   2.  b) CNC machine can be covered.

   3.  c) Any machine with more than 50% electronic parts and rest mechanical parts but bifurcation of S.I is not possible, can be covered.

   4.  d) All are true

Que. 3 : Q3) What is the minimum policy period for DOS Policy

   1.  a) 3 MONTHS

   2.  b) 5 MONTHS

   3.  c) 7 MONTHS

   4.  d) 12 MONTHS

Que. 4 : Q4) Which of the following statement is true –

   1.  a) Storage & construction claims

   2.  b) Maintenance period

   3.  c) Major perils claims

   4.  d) All the above

Que. 5 : Q5) What shall mean the sudden and dangerous distortion of any part of a boiler or pressure plant by bending or crushing caused by steam, gas or fluid pressure whether attended by rupture or not?

   1.  a) Boiler

   2.  b) Pressure plant

   3.  c) Collapse

   4.  d) Chemical explosion