IC77 ENGINEERING INSURANCE EXAM - 06

Que. 1 : Q1) Statement 1..CAR policy excludes loss / damage due to faulty design Statement 2. EAR policy also excludes loss due to faulty design but shall be limited only to the item effected and shall not exclude loss to other insured items affected , answer whether

   1.  a) Statement 1 is only true

   2.  b) Statement 2 is only true

   3.  c) Both the statements are true

   4.  d) None of the statements are true

Que. 2 : Q2) In Engineering insurance CAR stands for

   1.  a) Motor Car

   2.  b) Contractors All Risks

   3.  c) Companys All Risks

   4.  d) Companies All Requirements

Que. 3 : Q3) Which insurance should be of interest to everyone who operates machinery not only the big industrial enterprises, using large units or sophisticated production plants but also small/medium undertakings where machinery may have serious financial and economic consequences?

   1.  a) Contractor's plant and machinery insurance

   2.  b) CAR Insurance

   3.  c) Engineering Insurance

   4.  d) Machinery Insurance

Que. 4 : Q4) Sudden and unforeseen physical damage as defines in the concurrent machinery/ boiler and Pressure Plant Insurance Policy described in the Schedule resulting in a claim admissible under that policy refers to?

   1.  a) Gross profits

   2.  b) Accident

   3.  c) Net profit

   4.  d) Turnover

Que. 5 : Q5) In which of the following countries does the term 'Contract Work' refer to open Annual Floater policies for contractors who normally undertake construction work of similar nature in sufficiently large numbers?

   1.  a) The US

   2.  b) Britain

   3.  c) India

   4.  d) Europe