The clamp part is for measuring amps via induction. You set meter to amps and clamp around only a single wire. Device you are measuring must be operating. This means you couldn't clamp around a lamp cord to a table lamp since the current induced in each direction cancels out. You would have to separate the wires. An electrician would carry a short extension cord with the wires already separated. Most often a clamp meter is use to checks amps in a breaker panel on the black wire coming from the breaker.
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A clamp-on meter works by measuring the magnetic field set up around a conductor. Because the currents in the line and neutral conductors flow in opposite directions, their fields cancel and the clamp-on meter has nothing to monitor. So it must be placed around either the line OR the neutral conductor -not both!
A "multimeter" to test resistances, voltages, amperages. An external "clamp" meter to measure high ac currents. A "mega" meter to test insulation.
If you have the right test equipment amps are the easiest to measure. A slip over the wire amp meter is easier to use than a clamp on amp meter. The other two values have to be measured by using test leads from the test equipment.
Making a load On, By using a clamp meter for measuring the current in the wires : we find a reading in Amps. if we clamp the neutral wire. and zero when clamping the earthing wire.
Yes but the meter has to go in series with the load. There is a new clamp on amp meter being introduced, that will measure larger DC amperages without opening the circuit.