IC77 ENGINEERING INSURANCE EXAM - 13
Que. 1 : Q1) The cover will be provided on the basis of the annual turnover of the contractor from activity of construction works of similar nature on which basis?
1. a) Turnover basis
2. b) Individual declaration basis
3.
4.
Que. 2 : Q2) The concept of ________ is gaining popularity throughout the world and this is an area where the general insurance industry has to play an active role in the best interest of national economy.
1. a) Inspections
2. b) Risk management
3. c) Risk financing
4. d) None of these
Que. 3 : Q3) Under Electronic Equipment Insurance policy, External Data Media comes under which section?
1. a) Section 1
2. b) Section 2
3. c) Section 3
4. d) None of these
Que. 4 : Q4) Which method is akin to the original insurance contract between the insured and the insurer and as the insurer decides whether to accept a business or not, the reinsurer has also the liberty to accept or decline any business?
1. a) Facultative reinsurance
2. b) Treaty reinsurance
3.
4.
Que. 5 : Q5) From what period does the duration of defects liability/maintenance period commence?
1. a) From the date of issue of the completion certificate by the principal
2. b) From the end date of project completion as per the contract
3. c) From the date of completion of site activities
4. d) From the date of issue of provisional certificate of completion by the principal