ICS05 - Engineering Insurance (Surveyor) Mock Test 16

Q1. The turnover which would have been achieved, had the accident not occurred, during the 12 months after the planned date of completion of the insured works refers as?

a) Annual turnover
b) Rate of gross profit
c) Annual gross profit
d) Turnover

Q2. The proposal form individually prescribed for each class of construction phase insurance relates to information required for specific policies. In case of an EAR policy, the details of surrounding property will be included under which section?

a) Contract section
b) Third Party section
c) Construction Plant and Machinery section
d) Claim section

Q3. The term Time Excess is applicable to:

a) LOP
b) MBD
c) EEI
d) CPM

Q4. Regarding coverage of Second Hand plants under EAR policy which is not true:

a) Second Hand plants can be covered at normal EAR rates.
b) EAR cover for second hand plants ceases on commencement of testing period.
c) Second hand plants can be covered at rates more than EAR rates.
d) Both b and c

Q5. Which of the following steps will be initiated once the Call for Tender is completed?

a) Feasibility study
b) Award of contract
c) Detailed Project planning
d) Land acquisition and site preparation

Q6. Contractor's Plant and Machinery Insurance policy can also be extended to include which of the following risks?

a) Loss or damage to the existing surrounding property
b) Additional customs duty
c) Cost incurred in the clearance and removal of debris following an accident
d) All of the above

Q7. Which one of the following is not underwritten in Engineering Department?

a) CAR
b) EAR
c) IAR
d) CECR

Q8. Which policy is not issued for a period of more than 12 months?

a) CAR
b) MCE
c) SCE
d) CPM

Q9. DSU stands for

a) Delay in Start Up Insurance
b) Derivatives Stock Units
c) Dead Stock Under Insurance
d) Diluted Stock Undertaking

Q10. Time excess is related to

a) MB Policy
b) CAR Policy
c) EAR Policy
d) MLOP Policy