ICS05 - Engineering Insurance (Surveyor) Mock Test 02
Engineering Insurance covers machinery, equipment, construction projects, erection works, and operational risks. Important policies include Machinery Breakdown (MB), Contractors Plant and Machinery (CPM), Contractors All Risk (CAR), Erection All Risk (EAR), Electronic Equipment Insurance (EEI), and Boiler Insurance. MB covers sudden and unforeseen mechanical or electrical breakdowns, while CPM generally covers mobile machinery used at construction sites. EAR provides protection during erection and commissioning of projects and may extend into the maintenance period. Engineering insurance also deals with project planning, DPR, compressors, turnover, installment premiums, and classification of machinery. Understanding operational and project-related covers, policy periods, maintenance provisions, and machinery categories is important for the ICS05 examination.
Q1. Which of the following machines should not be covered under MB policy?
a) Stone crushers
b) Air compressor
c) Electric motors
d) DG sets
Q2. Which of the following steps will be initiated once the DPR is complete?
a) Feasibility study
b) Detailed project planning
c) Call for tender
d) Land acquisition and site preparation
Q3. What is used for reducing volume and increasing pressure of liquids and gases?
a) Refrigerating and air conditioning plants
b) Power presses
c) Compressors
d) Electrical plant and machinery
Q4. In EAR insurance, the contractors may take out cover during the maintenance period to fulfil their obligations under the contract; such maintenance period is usually _____________, but may vary depending on the type of contract work.
a) 6 months
b) 12 months
c) 18 months
d) 24 months
Q5. Following is not an annual policy strictly
a) MI
b) B.P.P
c) EAR
d) EEI
Q6. The money paid or payable to the insured for goods sold or services rendered in course of the business at the premises is known as?
a) Accident
b) Net profit
c) Gross profit
d) Turnover
Q7. Which of the following parameters are needed for installment premium collection under project insurance? The entire premium is to be collected six months before the policy expires. 1st installment more by 5% of total premium, policy period should be less than 1 year, policy period should be more than 1 year, equal installment payments over the policy period. Select the correct options from the list above.
a) All
b) Only 2 and 3
c) 3 and 4
d) 2, 3 and 4
Q8. Which one of the following is not operational cover under Engineering Insurance?
a) Boiler Insurance
b) Machinery Breakdown Insurance
c) Storage-cum Erection Insurance
d) Electronic Equipment Insurance
Q9. How many classified groups of machineries are available under CPM policy?
a) Seven
b) Five
c) Ten
d) Three
Q10. Which of the following policy normally covers lift cranes, material handling 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
