IC77 ENGINEERING INSURANCE EXAM - 07

Que. 1 : 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?

   1.  a) Annual turnover

   2.  b) Rate of gross profit

   3.  c) Annual gross profit

   4.  d) Turnover

Que. 2 : 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?

   1.  a) Contract section

   2.  b) Third Party section

   3.  c) Construction Plant and Machinery section

   4.  d) Claim section

Que. 3 : Q3) The term Time Excess is applicable to:

   1.  a) LOP

   2.  b) MBD

   3.  c) EEI

   4.  d) CPM

Que. 4 : Q4) Regarding coverage of Second Hand plants under EAR policy which is not true:

   1.  a) Second Hand plants can be covered at normal EAR rates.

   2.  b) EAR cover for second hand plants ceases on commencement of testing period.

   3.  c) Second hand plants can be covered at rates more than EAR rates

   4.  d) Both b & c

Que. 5 : Q5) Which of the following steps will be initiated once the Call for tender is completed?

   1.  a) Feasibility study

   2.  b) Awards of contract

   3.  c) Detailed Project planning

   4.  d) Land acquisition and site preparation