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Category: IC77 ENGINEERING INSURANCE EXAM – 15

IC77 ENGINEERING INSURANCE EXAM – 15

Que. 1 : Q1) Maximum permissible escalation under an EAR policy is

   1.  a) 25%

   2.  b) 50%

   3.  c) 75%

   4.  d) None

Que. 2 : Q2) The Turnover / Output during the twelve months immediately before the date of the damage which corresponds with the indemnity period is referred to as ___________.

   1.  a) Gross profit

   2.  b) Annual turnover

   3.  c) Standard turnover

   4.  d) Actual Turnover

Que. 3 : Q3) A separate CAR policy should be issued if total value of Civil work exceeds

   1.  a) 25% PROJECT VALUE

   2.  b) 40% PROJECT VALUE

   3.  c) 50% PROJECT VALUE

   4.  d) NO RESTRICTION

Que. 4 : Q4) As per the Insurance Act, what should be duration of the CAR policy for which ‘premium in instalments’ can be collected by the insurer?

   1.  a) More than 6 months

   2.  b) More than 12 months

   3.  c) More than 18 months

   4.  d) More than 5 years

Que. 5 : Q5) Which one of the following is not under written in Engg. Dept.

   1.  a) CAR

   2.  b) EAR

   3.  c) IAR

   4.  d) CECR