ICSE Class 10 Insurance — Mock Test (2027)

Free online mock test for Insurance (ICSE Class 10 Commercial Applications) — 10 competency-based questions based on the latest CISCE 2027 syllabus, with instant marking. Try the samples below, then take the full test free.

Sample questions

1. 1.When referring to principles of insurance, which statements match the content? I. Contribution means multiple insurers share liability proportionately. II. Causa Proxima allows indirect causes for claims. III. Utmost good faith requires honest disclosure. IV. Insurable interest is unnecessary if the premium is high.
   • a.I and III are true
   • b.II and IV are true
   • c.I, III, and IV are true
   • d.I and II are true
2. 2."The doctrine of subrogation grants the insurer all rights against third parties who caused the insured's loss."
   • a.True
   • b.False
3. 3.Ms. Kavita insured her shop for ₹20 lakhs against theft. The shop was robbed, and she claimed the full insured amount. The insurer compensated her only ₹1.5 lakhs, the actual value of the stolen items. Why did the insurer not pay the full insured amount?
   • A.The insurer made an error in calculation.
   • B.Compensation is limited to the actual loss suffered.
   • C.The policy had a maximum payout limit of ₹1.5 lakhs.
   • D.The insurer refused to pay the full amount arbitrarily.
4. 4.Which principle applies when multiple insurance policies cover the same asset for the same risk?
   • a.Utmost Good Faith
   • b.Mitigation
   • c.Indemnity
   • d.Contribution
5. 5.An employee at XYZ Ltd. dies during the policy term. His family seeks financial support from the organization. Which benefit would apply?
   • A.Gratuity
   • B.Group Life Insurance
   • C.Pension
   • D.Provident Fund