IC77 ENGINEERING INSURANCE EXAM - 20
| Q1.____ refers to the amount of money (fewer discounts allowed) paid or payable to the Insured for goods, products, or services sold, delivered, or rendered in the course of the insured business conducted at the premises. |
| a) Turnover |
| b) Annual turnover |
| c) Annual gross profit |
| d) Rate of gross profit |
| Q2.Burglary is not covered under which of the following policies? |
| a) EAR |
| b) EEI |
| c) MB |
| d) CPM |
| Q3. System software in EEI policy is covered under: |
| a) External Data Media section. |
| b) Material Damage section. |
| c) Both of the above |
| d) Increased cost of working section. |
| Q4.CECR policy is not suitable for following risks |
| a) Runways |
| b) Bridge |
| c) Tunnels |
| d) Completed engg. projects |
| Q5.In a Construction project, these parties normally design the completed works and are responsible to the employer for the same and it is not unusual though, to find that the contractor takes on the design of the temporary works and, on occasions, some aspects of permanent design too? |
| a) The Engineer or architect |
| b) The Employer |
| c) The Contractor |
| d) Sub-Contractors |
| Q6.In an EAR Policy, in addition to the basic cover, supplementary covers cannot be included if required by the insured. Say whether True or False. |
| a) True |
| b) False |
| Q7.Riot Strike and Malicious damage are covered in CECR policy: |
| a) Without charging an additional premium. |
| b) For an additional premium |
| c) Never covered |
| d) None of the above |
| Q8.Which are used for the generation of steam at pressure for the purpose of some industrial processes or for driving electricity generating and other machines? |
| a) Pressure plant |
| b) Steam turbines |
| c) Boilers and associated equipment |
| d) Pumps |
| Q9.Sum Insured under project insurance corresponds to |
| a) contract price of the project |
| b) Estimated Complete erected value of the project |
| c) agreed value |
| d) None of the above |
| Q10.Testing under EAR Policy |
| a) Has to be continuous |
| b) Can be utilized within broken periods viz suspension of the testing period |
| c) Can be postponed indefinitely |
| d) None of the above |