IC77 ENGINEERING INSURANCE EXAM - 10
| Q1.Cold testing means |
| a) Commissioning of parts |
| b) Testing under no-load condition |
| c) No-load testing permitting Indirect heat or feedstock usage |
| d) Testing for attaining specification requirement |
| Q2.Under project insurance, which cover we can offer to the client on a first loss basis? |
| a) Mechanical breakdown |
| b) Faulty workmanship |
| c) Earthquake |
| d) Theft and burglary |
| Q3.What are common features of the Engineering Insurance Policies and they are specifically mentioned in the policy schedules as applicable for different perils or different properties? |
| a) Time excess |
| b) Deductibles |
| c) Consideration |
| d) Endorsements |
| Q4.Contractors all risk insurance forms part of |
| a) Personal general insurance |
| b) Commercial general insurance |
| c) Group insurance |
| d) Social security insurance |
| Q5.Which of the following is an optional cover under IAR policy |
| a) FLOP |
| b) Machinery Breakdown |
| c) EEI |
| d) None of the above |
| Q6.Which policies are intended for contractors who normally undertake construction works of similar nature in sufficiently large numbers? |
| a) Construction Annual policies |
| b) Contractor's plant and Machinery Insurance policy |
| c) Machinery leasing insurance policy |
| d) None of the above |
| Q7.Which of the following is not covered in MBD policy. |
| a) Tearing apart on account of centrifugal force. |
| b) Short circuit followed by fire. |
| c) Fire followed by the short circuit. |
| d) All are covered. |
| Q8.CAR policy can be issued where civil work in a project is more than |
| a) 60% |
| b) 50% |
| c) 40% |
| d) 25% |
| Q9.Estimated maximum loss/PML is the concept used |
| a) in fire Insurance only |
| b) in Engineering Insurance only |
| c) in ALOP policy |
| d) as a tool of risk management |
| Q10.Sum Insured under EAR Policy should be |
| a) Reinstatement value |
| b) Completely Erected value of the project. |
| c) Market value |
| d) None |