IC77 ENGINEERING INSURANCE EXAM - 17
| Q1.Section 1 of the Electronic Equipment Insurance policy covers which of the following? |
| a) External Data media |
| b) Increased Cost of Working |
| c) Material Damage |
| d) None of these |
| Q2.Which of the following special exclusions in CECR Policy? |
| a) Loss or damage caused by or aggravated by inadequate maintenance |
| b) War and nuclear risks |
| c) Consequential loss or damage of any kind |
| d) All of the above |
| Q3.Which Phase Insurances are annual policies renewable at each anniversary? |
| a) Operational Phase Insurance |
| b) Construction Phase Insurance |
| Q4.Which of the following property can be insured under the Machinery Breakdown policy? |
| a) Electrical equipment |
| b) Mechanical equipment |
| c) Lifting equipment |
| d) All of the above |
| Q5.In a CECR policy, in special cases, perils can be included by __. |
| a) Modifications |
| b) Endorsements |
| c) New policy |
| d) Addendums |
| Q6.Which period begins when work actually commences, when times are stored on-site or on the agreed effective date, whichever is the latest? |
| a) Testing period |
| b) Defects liability period |
| c) Construction and erection period |
| d) None of the above |
| Q7.In addition, we have to consider the impact of indirect losses like |
| a) Need to rebuild the facilities |
| b) Stoppage of work |
| c) Interruption in production due to lack of spares |
| d) All of the above |
| Q8.The _____ created by insurance companies mainly concentrate on new projects insurance marketing and the engineers in these cells study the documentation of various projects and prepare the insurance program to suit the project requirements. |
| a) Project cells |
| b) Techno-marketing purposes |
| c) Inspections |
| d) Direct losses |
| Q9.What is the minimum period for which a factory has to carry on trouble-free commercial production before it can become eligible for MLOP cover? |
| a) Six months |
| b) One year |
| c) Three years |
| d) Five years |
| Q10.Engineering policy issued during the construction phase is |
| a) Machinery Insurance Policy |
| b) Boiler and Pressure Plant Policy |
| c) Erection All Risk Policy |
| d) Contractors and rsquo; Plant, Machinery and Equipment Policy |