IC77 ENGINEERING INSURANCE EXAM - 23
| Q1.An independent organization called the Manchester Steam Users Association was founded by a group of engineers in _____ for the purpose of inspection and revision of steam engines and boilers. |
| a) 1824 |
| b) 1834 |
| c) 1844 |
| d) 1854 |
| Q2.Which of the following is used for cooling storage chambers, reducing temperatures in buildings, or materials in the process? |
| a) Refrigerating and air conditioning plants |
| b) Power presses |
| c) Compressors |
| d) Electrical plant and machinery |
| Q3.Under DOS Policy for granting FOES Extension Statement-1: Machinery breakdown should be there at electricity supply station by an insured peril of MB policy Statement-2: Stand by DG set should be installed as per plant requirement of electricity |
| a) Statement-1 is only correct |
| b) Statement-2 is only correct |
| c) Both the statements are correct |
| d) None |
| Q4.The Electronic Equipment Insurance policy offers cover on an ' All risks' basis in how many sections? |
| a) One |
| b) Two |
| c) Three |
| d) Four |
| Q5.Which of the following is an example of a 'stationary plant'? |
| a) Earthmoving machines |
| b) Tunnelling and mining machines |
| c) Road surface finishers / rollers / compactors |
| d) Tower cranes |
| Q6.What refers to the amount of money 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) Annual turnover |
| b) Rate of gross profit |
| c) Annual gross profit |
| d) Turnover |
| Q7.Maximum permissible escalation under an EAR policy is |
| a) 25% |
| b) 50% |
| c) 75% |
| d) None |
| Q8.Maintenance is of how many types? |
| a) One |
| b) Two |
| c) Three |
| d) Four |
| Q9.For determining Premium Rates for project insurance the following information is essentially required |
| a) Nature of the project, duration of the project, testing period duration |
| b) Limit of third party liability, additional customs duty to be covered, S.I. under marine cover) |
| c) Both above |
| d) None of the above |
| Q10.Which period begins when testing starts or when fuel, raw materials lubricants are first introduced, and ends on acceptance of the tests by the principal or at the agreed date, whichever is the earlier? |
| a) Testing period |
| b) Defects liability period |
| c) Construction and erection period |
| d) None of the above |