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.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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2.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
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3.Which of the following is NOT a benefit of taking an insurance policy?
- A.Provides financial protection against various risks.
- B.Guarantees elimination of all potential risks and losses.
- C.Offers tax benefits on premiums paid under the Income Tax Act.
- D.Encourages regular savings through endowment plans.
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4.Distinguish between Fire Insurance and Marine Insurance.
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5.What does the Principle of Utmost Good Faith require in an insurance contract?
- A.Only the insurer must disclose all material facts honestly.
- B.Both the insurer and insured must disclose all material facts honestly during contract formation.
- C.The insured must pay premiums on time, but disclosure is optional.
- D.The insurer can withhold information to avoid claim payouts.
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