IC77 ENGINEERING INSURANCE EXAM - 15
| Q1.Which policy covers humidity and moisture as inbuilt overages? |
| a) MB |
| b) CAR |
| c) EEI |
| d) EEI and BPPI |
| Q2.In a construction project, who is responsible to the employer for the care of the works together with all material and workmanship and he is not responsible for unforeseeable site conditions, nor is he responsible for design prepared solely by the engineer? |
| a) The Engineer or architect |
| b) The Employer |
| c) Sub-Contractors |
| d) The Contractor |
| Q3.Stand by machinery in MBD is |
| a) not covered |
| b) covered at a discount of 50% in rate |
| c) discount of 75% |
| d) only covered when it is put to use |
| Q4.What are primarily used as prime movers( driving machines) to run electricity generators, heavy-duty rotary pumps, and compressors)? |
| a) Pumps |
| b) Pressure plant |
| c) Steam turbines |
| d) Boilers and associated equipment |
| Q5.Stand by machinery in MBD is |
| a) not covered |
| b) covered at a discount of 50% in rate |
| c) discount of 75% |
| d) only covered when it is put to use |
| Q6.Delay under ALOP is defined as |
| a) The period of time between the scheduled commencement date and completion date of the project |
| b) The period of time between commencement of business and occurrence of a peril |
| c) The period of time between the scheduled completion date and the actual date on which the Business was the commencement |
| d) The period of time between the scheduled completion date and the date of occurrence of a peril |
| Q7.Which plants use potential energy from watercourses like rivers or lakes to drive turbines coupled to an alternator and these plants are generally classified on the basis of available water head? |
| a) Hydroelectric power plants |
| b) Conventional power plants |
| c) Nuclear power plants |
| d) None of these |
| Q8.Contractors All Risk Policy is a variation of: |
| a) Fire Insurance |
| b) Life Insurance |
| c) Engineering Insurance |
| d) Marine Insurance |
| Q9.The _____ is a specific limit up to which the ceding company will bear the losses on its net account. |
| a) Underlying limit |
| b) Considerations |
| c) Endorsements |
| d) None of these |
| Q10.Which of the following policy normally cover lift cranes, Material handling plant and equipment in the construction and project sites |
| a) Contractor Plant and; Machinery |
| b) Contractor All Risk |
| c) Marine cum erection policy |
| d) Erection All Risk |