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.Mr. Ravi insures his house against fire damage. After a fire incident, the insurer compensates him for the actual loss incurred. Which principle of insurance is being applied here?
- A.Principle of Indemnity
- B.Principle of Utmost Good Faith
- C.Principle of Subrogation
- D.Principle of Insurable Interest
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2.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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3.It implies that after indemnifying the insured for his loss, the insurer becomes entitled to all the rights and remedies relating to the property insured.
- A.Doctrine of Subrogation
- B.Utmost Good Faith
- C.Mitigation of Loss
- D.Indemnity
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4.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.
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5.Assertion (A): Group life insurance provides financial security to the employee's family in case of death during the policy term. Reason (R): Group life insurance is a single contract covering an entire group of employees. (a) Both A and R are true, and R is the correct explanation of A. (b) Both A and R are true, but R is not the correct explanation of A. (c) A is true, but R is false. (d) A is false, but R is true.
- A.Both A and R are true, and R is the correct explanation of A.
- B.Both A and R are true, but R is not the correct explanation of A.
- C.A is true, but R is false.
- D.A is false, but R is true.
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