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 insures his office building against fire. In case of a fire, the insurer compensates him for the actual loss incurred. Which principle of insurance is being applied?
- A.Principle of Indemnity
- B.Principle of Subrogation
- C.Principle of Utmost Good Faith
- D.Principle of Contribution
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2.Assertion (A): Insurance is a social device to reduce uncertainty by spreading risk. Reason (R): Insurance covers speculative gains to increase policyholder profits. (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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3.Costs like Rent, Insurance, etc., which do not change in spite of changes in the volume of output are ______ costs.
- A.Direct
- B.Indirect
- C.Fixed
- D.Variable
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4._______ 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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5.Identify the principle of insurance based on the given information : 1. The insurer takes on the insured's rights after paying the claim. 2. This helps the insurer recover the loss amount from a third party responsible for the damage.
- A.Subrogation
- B.Contribution
- C.Insurable interest
- D.Indemnity
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