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.Which of the following is NOT one of the three principles of insurance explained in the context?
- A.Utmost Good Faith: Both parties must disclose all relevant facts about the insurance subject.
- B.Indemnity: The insured is compensated only to the extent of the actual loss suffered.
- C.Profit Maximization: The insured is entitled to compensation exceeding the actual loss for profit.
- D.Mitigation of Loss: The insured must act prudently to minimize losses in case of an accident.
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2.Ms. Rekha insured her factory for ₹1 crore. A fire broke out, and she filed a claim for ₹50 lakhs for damages. The insurer discovered that she had no ownership or financial interest in the factory. Will Ms. Rekha's claim be approved?
- A.Yes, because the factory was insured for the full value.
- B.No, because she lacked a legal or financial interest in the factory.
- C.Yes, because the fire damage was accidental.
- D.No, because the claim amount was too high.
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3.Ms. Lata insured her jewelry for ₹1 lakh. The jewelry was stolen during a burglary. After the insurer compensated her for the stolen items, the police recovered the stolen jewelry. Why did the insurer demand possession of the recovered jewelry?
- A.To return it to Ms. Lata as a goodwill gesture.
- B.To sell it and recover the compensation paid to Ms. Lata.
- C.To hold it as evidence for the police investigation.
- D.To donate it to a charity organization.
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4.Identify the principle of insurance based on the given information : 1. The insured must disclose all material facts related to the subject matter. 2. Concealment of any material fact can void the contract.
- A.Contribution
- B.Insurable interest
- C.Utmost good faith
- D.Indemnity
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5.What does the principle of Contribution in insurance ensure?
- A.The insured can claim total compensation from one insurer, who then recovers proportionate amounts from others.
- B.The insured receives compensation from only one insurer, regardless of multiple policies.
- C.The insurer can refuse to pay if the insured has multiple policies.
- D.The insured must claim compensation separately from each insurer.
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