IC77 ENGINEERING INSURANCE EXAM - 12
| Q1.Which of the following is covered free of charge for projects with S.I more than Rs100 Crore in EAR/CAR policy: |
| a) Re-instatement upto 10% of S.I. |
| b) Loss minimization expenses |
| c) Professional fee |
| d) a,b and c |
| Q2.In a LOP policy, the Auditor fee is |
| a) an extension |
| b) a built-in cover |
| c) a part of Standing charges |
| d) not to be covered |
| Q3.Which plant consists of two distinct sections: one relating to nuclear/ radioactive reactions and the other a conventional steam power plant? |
| a) Hydroelectric power plants |
| b) Conventional power plants |
| c) Nuclear power plants |
| d) None of these |
| Q4.Under EAR/CAR POLICY installment of premium, the facility is allowed only if the period is more than |
| a) 6 MONTHS |
| b) 12 MONTHS |
| c) 18 MONTHS |
| d) 24 MONTHS |
| Q5.Which policy is generally suitable for bio-medical equipment? |
| a) EEI |
| b) CAR |
| c) MB |
| d) CECR |
| Q6.ALOP can be issued in the name of |
| a) Principal, contractors, subcontractors, and third parties |
| b) Principal, contractors, and subcontractors |
| c) Principal and contractors |
| d) Principal |
| Q7.In which of the following reinsurance methods will the administrative expenses be the highest? |
| a) Facultative reinsurance |
| b) Quota share treaty |
| c) Surplus treaty |
| d) Excess of loss treaty |
| Q8.Which period is also known as the Maintenance period? |
| a) Testing period |
| b) Defects liability period |
| c) Construction and erection period |
| d) None of the above |
| Q9.The package of Machinery and DOS Insurance together is often termed as _____. |
| a) Deterioration of stock Insurance |
| b) Contractors All Risks Insurance |
| c) Refrigeration Plant Insurance |
| d) Machinery Insurance |
| Q10.FOES is an extension under: |
| a) CPM |
| b) CAR |
| c) DOS |
| d) MBO |