Engineering insurance — contractors, plant, machinery breakdown and project covers.
These are 5 of the 441 IC-77 questions in Certena, taken from across the paper. Every answer key has been checked against a source — a printed answer key, a textbook extract, or arithmetic — not guessed. Reveal the answer and the explanation below each question. No sign-up needed.
Answer: A. Earth moving machines
Classification of machinery and equipment will generally be on the following lines: a) Mobile machinery b) Stationary plant c) Tools and tackles a) Mobile machinery includes: ? Earth moving machines, ? Tunnelling and mining machines, ? Road surface finishers/ rollers I compactors, ? Mobile cranes, ? Mobile material conveyors, ? Mobile power generators
Answer: D. Feasibility study
Feasibility study is carried out to decide workability of the project from various factors relating to physical, economical, environmental, political aspects. Such a feasibility study is normally undertaken with the help of a group of consultants / experts in various fields. This study gives answers to questions related to following major areas among others: 1. Size of the project , scope for future expansions 2. Selection of sites 3. Environmental and political reactions 4. Selection of designs and materials 5. Approximate project cost, cost benefit analysis 6. Economics of the project , prospective operating cost and returns on investments 7. Ways and means of financing the project.
Answer: C. Chief inspector of boilers
The Indian Boiler Act 1923 provides for registration of Boiler before it can be used for industrial purpose. The Chief Inspector of Boilers on registering shall order the issue of a certificate in the prescribed form authorising its use of a period not exceeding twenty-four months.
Answer: E. 2 and 3
The fundamental objective of 'Risk Management' is Preservation of assets and Preservation of earning power from loss or destruction
Answer: B. Only 2
ALOP policy is issued only to principal / owner of the project with the interest of the financiers suitably recorded. The Contractors I sub-contractors, suppliers cannot be a beneficiary under this policy, even though they are joint insureds under CAR / EAR policy.
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