IC77 ENGINEERING INSURANCE EXAM - 02
| Q1.Which of the following policy normally cover Lift Cranes, Material handling plant and equipment in the construction and project sites |
| a) Contractor Plant and; Machinery |
| b) Contractor All Risk |
| c) Marine cum erection Policy |
| d) Erection All Risk |
| Q2.Which of the following is true regarding MBD policy: |
| a) Minimum premium is Rs250. |
| b) Premium rates can be rounded off. |
| c) Short-period policies are not permitted. |
| d) Refund of premium for lockout period is not permitted. |
| Q3.Stand by machinery in MBD is |
| a) not covered |
| b) covered at a discount of 50% in rate |
| c) discount of 75% |
| d) only covered when it is put to use |
| Q4.Under Section 3, The increased cost of working the insured need to select the limits in respect of which of the following? |
| a) Indemnity per hour |
| b) Expenses on transportation of materials. |
| c) Aggregate indemnity limit during the period of insurance |
| d) All of the above |
| Q5.The ____ is a stamped document that provides evidence of the insurance contract, and therefore it must be carefully drafted and issued in the appropriate forum. |
| a) Certificate |
| b) Policy |
| c) Diagram |
| d) None of the above |
| Q6.Which is the checking of parts and elements of insured property by mechanical, hydrostatic, or other forms of testing under 'no load' conditions? |
| a) Hot testing |
| b) Cold testing |
| Q7.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? |
| a) Boiler |
| b) Pressure plant |
| c) Collapse |
| d) Chemical explosion |
| Q8.Which of the following statement is true |
| a) Storage and; construction claims |
| b) Maintenance period |
| c) Major perils claims |
| d) All the above |
| Q9.What is the minimum policy period for DOS Policy |
| a) 3 MONTHS |
| b) 5 MONTHS |
| c) 7 MONTHS |
| d) 12 MONTHS |
| Q10.The adjustment of the sum insured in EAR policy is not done in respect of |
| a) freight and handling charges |
| b) custom duties |
| c) cost of erection |
| d) increase or decrease in prime cost of plant and machinery |