Que. 1 : Q1) Which of the following needs to be deducted from the Standard Turnover to arrive at the reduction in turnover?
1. a) Gross profit
2. b) Annual turnover
3. c) Standard turnover
4. d) Actual turnover
Que. 2 : Q2) Ultra sound machine can be covered under
1. a) Machinery Breakdown Policy
2. b) Electronic Equipment Policy
3. c) Any of (a) & (b)
4. d) None of (a) & (b)
Que. 3 : Q3) In a CPM policy, ___________ should be disposed of, preferably on "as is, where is" basis, at the best available prices in order to minimise the loss to a certain extent at the time of claim.
1. a) Materials damaged in an accident
2. b) Stolen equipment
3. c) Losses discovered at the time of taking inventory
4. d) Salvage materials
Que. 4 : Q4) Which of the following statements is True? (1) Contractors All Risks policy covers civil engineering projects (2) Erection All Risks policy covers machinery during erection
1. a) Statement 1 is True
2. b) Statement 2 is True
3. c) Both are true
4. d) Both are false
Que. 5 : Q5) Which period is normally the most hazardous period for plant and machinery and not only are the various items subjected to operating conditions and load for the first time?
1. a) Policy period
2. b) Testing period