IC77 ENGINEERING INSURANCE EXAM - 13
| Q1.Which types of policies are intended for contractors who normally undertake construction works of similar nature in sufficiently large numbers? |
| a) Contractors All Risk Insurance |
| b) Electronic Equipment Insurance |
| c) Construction annual policies |
| d) Machinery Insurance |
| Q2.What is the maximum period for which registration can be obtained for industrial use of a boiler? |
| a) Six months |
| b) 12 months |
| c) 24 months |
| d) 36 months |
| Q3.Project Policies are |
| a) All risk |
| b) Named Perils |
| c) Consequential Loss |
| d) Agreed Value |
| Q4.Which of the following are fire prevention features? |
| a) The site should be secured by a properly constructed fence |
| b) Combustible material should be marked clearly and stored separately |
| c) Fire doors with automatic door closer should be installed as early as possible |
| d) All of the above |
| Q5.On receipt of notification of a claim under a machinery breakdown policy where deterioration of stock policy is also involved, a qualified engineer surveyor must be deputed at the shortest possible time not exceeding _____. |
| a) 24 hours |
| b) 48 hours |
| c) 3 days |
| d) 7 days |
| Q6.What is a 'flue gas explosion'? |
| a) An explosion arising out of a chemical reaction in any plant. |
| b) An explosion of ignited gases in the furnaces or flues of the boilers, economizers, and superheaters. |
| c) An explosion arising due to fluid pressure |
| d) Explosion caused due to combustible and inflammable fluids |
| Q7.Which of the following basic principles of General Insurance equally apply to all classes of Engineering Insurance business? |
| a) Utmost good faith |
| b) Indemnity |
| c) Insurable interest |
| d) All of the above |
| Q8.Sum Insured under Engineering Policy is |
| a) Depreciated value of machinery |
| b) Market value of machinery |
| c) Cost of the replacement value of machinery |
| d) None of above |
| Q9.In EAR maintenance period is usually ____ but may vary depending on the type of contract work. |
| a) 3 months |
| b) 6 months |
| c) 9 months |
| d) 12 months |
| Q10.Which period begins on that date either on which the insured property is put into commercial use or operation by the owner or principal, or on which the taking-over certificate is issued, whichever is the earlier? |
| a) Testing period |
| b) Defects liability period |
| c) Construction and erection period |
| d) None of the above |