IC77 ENGINEERING INSURANCE EXAM - 07
| Q1.The turnover which would have been achieved, had the accident not occurred, during the 12 months after the planned date of completion of the insured works refers as? |
| a) Annual turnover |
| b) Rate of gross profit |
| c) Annual gross profit |
| d) Turnover |
| Q2.The proposal form individually prescribed for each class of construction phase insurance relates to information required for specific policies. In the case of an EAR policy, the details of the surrounding property will be included under which section? |
| a) Contract section |
| b) Third Party section |
| c) Construction Plant and Machinery section |
| d) Claim section |
| Q3.The term Time Excess is applicable to: |
| a) LOP |
| b) MBD |
| c) EEI |
| d) CPM |
| Q4.Regarding coverage of Second-Hand plants under EAR policy which is not true: |
| a) Second H and plants can be covered at normal EAR rates. |
| b) EAR cover for second-hand plants ceases on commencement of the testing period. |
| c) Second-hand plants can be covered at rates more than EAR rates |
| d) Both b and c |
| Q5.Which of the following steps will be initiated once the Call for tender is completed? |
| a) Feasibility study |
| b) Awards of contract |
| c) Detailed Project planning |
| d) Land acquisition and site preparation |
| Q6.The contractor's plant and machinery insurance policy can also be extended to include which of the following risks? |
| a) Loss or damage to the existing surrounding property |
| b) Additional customs duty |
| c) Cost incurred in the Clearance and removal of debris following an accident |
| d) All of the above |
| Q7.Which one of the following is not underwritten in Engg. Dept. |
| a) CAR |
| b) EAR |
| c) IAR |
| d) CECR |
| Q8.Which policy is not issued for a period of more than 12 months |
| a) CAR |
| b) MCE |
| c) SCE |
| d) CPM |
| Q9.DSU stands for |
| a) Delay in start-up insurance |
| b) Derivatives stock units |
| c) Deadstock under insurance |
| d) Diluted stock undertaking |
| Q10.Time excess is related to |
| a) MB policy |
| b) CAR policy |
| c) EAR policy |
| d) MLOP policy |