ICS05 - Engineering Insurance (Surveyor) Mock Test 06
Engineering Insurance covers various technical, construction, machinery, and project-related risks. Important areas include Contractors All Risk (CAR), Contractors Plant and Machinery (CPM), Machinery Breakdown (MBD), and Delay in Start-Up (DOS) insurance. CAR generally covers civil engineering projects such as buildings, tunnels, and bridges, while specific machinery installation risks may require appropriate engineering covers. Engineering services include techno-marketing, inspections, project support, and technical risk assessment. Mutual Aid schemes form part of risk management and loss-control measures. Good housekeeping plays an important role in preventing accidents and reducing risks in commercial and industrial ventures. Understanding fire exclusions, project classifications, indemnification, power plants, and engineering services is essential for ICS05 examination preparation.
Q1. Which of the following damages are not covered under Fire insurance policy?
a) Fire resulting from explosion
b) Damage caused by explosion of Boiler used for domestic purposes
c) Damage caused by explosion of gas used for domestic purposes only for lighting or heating a building not forming a part of any gas work
d) Explosion due to fluid pressure
Q2. Loss covering accidental failure of Electricity Supply is an extension under:
a) CPM
b) CAR
c) DOS
d) MBD
Q3. The Annual turnover/output during the __________ immediately before the date of damage.
a) 3 months
b) 6 months
c) 9 months
d) 12 months
Q4. Which of the following project does not fall under Contractors All Risk policy?
a) Installation of machinery
b) Buildings
c) Tunnels
d) Bridges
Q5. In cases, where the damage can be repaired, the basis of indemnification is the cost of restoration to working order based on the customary daily rates together with normal freight, erection cost and other duties and taxes?
a) Machinery Insurance
b) Boiler and Pressure Plant Insurance
c) Contractor's Plant and Machinery Insurance
d) Boiler and Pressure Plant Insurance
Q6. Engineering services are also utilised for __________ and they hold discussions with clients to understand the technical insurance requirements and deciding the most adequate type of coverage together with advice on applicable rates and terms.
a) Project cells
b) Techno-marketing purposes
c) Inspections
d) Direct losses
Q7. Mutual Aid scheme is applicable in
a) FEA programme
b) Loss control measures
c) Part of risk management
d) None of the above
Q8. In which of the following market does the term 'contract work' refer to special cover which is a combination of CAR and EAR insurances to suit the needs of projects involving substantial amount of both civil construction and machinery installation?
a) The US
b) Britain
c) China
d) Europe
Q9. Which plants use steam for driving turbine which is prime mover for the electricity generator and majority of the power plants use coal as fuel in the boiler furnace and are called coal fired power stations?
a) Nuclear power plants
b) Conventional power plants
c) Hydro electric power plants
d) None of these
Q10. What plays an important part in the prevention of accidents and risks are attached to every commercial and industrial venture?
a) Techno-marketing purposes
b) Inspections
c) Good house-keeping
d) Project cells
