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.
What to expect: This mock test covers key concepts from the Insurance chapter — including application-based and competency-focused questions aligned with how ICSE actually sets the paper.
Tip: Attempt without notes first to identify gaps, then review explanations for any wrong answers. Retake after a few days for best retention.
Sample questions
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1.A businessman insured his office against theft for ₹40 lakhs. When a theft occurred, the insurer compensated him. However, the police later arrested the thief and recovered stolen property worth ₹1.5 lakhs. The insurer demanded the recovered amount from the businessman. Why did the insurer demand the recovered amount?
- A.The businessman was required to share the recovered amount as per the insurance contract.
- B.The insurer gained rights to claim recovery from the stolen property after compensation.
- C.The recovered amount was part of the insurer’s profit-sharing clause.
- D.The businessman had to repay the insurer for overcompensating him.
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2._______ is any act committed with the intent to obtain a fraudulent outcome from an insurance process.
- A.Insurance fraud
- B.Insurance premium
- C.Insurance claim
- D.Maturity benefit
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3.A shopkeeper's warehouse floods due to heavy rain. He fails to move the stock to higher shelves or any safer area, allowing further water damage. The insurer disputes part of the claim. Which insurance principle justifies the insurer's action?
- a.Mitigation of Loss
- b.Indemnity
- c.Subrogation
- d.Contribution
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4.Identify the principle of insurance based on the given information : 1. The insurer compensates the insured to the extent of the financial loss suffered. 2. The insured cannot claim more than the actual loss.
- A.Indemnity
- B.Contribution
- C.Subrogation
- D.Insurable interest
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5.Identify the principle of insurance based on the given information: 1. Two separate fire insurance policies protect a warehouse. 2. Each insurer pays a proportion of the total fire claim instead of allowing a double indemnity.
- A.Indemnity
- B.Contribution
- C.Causa Proxima
- D.Insurable Interest
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