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
