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.Identify the principle of insurance based on the given information: 1. The payout depends on whether the direct cause of damage is covered. 2. Losses caused mainly by an excluded peril are not compensated, even if smaller contributing factors are covered.
- A.Insurable Interest
- B.Indemnity
- C.Causa Proxima
- D.Contribution
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2.Identify the principle of insurance based on the given information: 1. If a third party is legally liable for the insured's loss, the insurer, after compensation, can pursue that third party. 2. The insured cannot collect payment twice for the same damage.
- A.Mitigation of Loss
- B.Indemnity
- C.Subrogation
- D.Utmost Good Faith
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3.A supermarket owner insured its cold storage facility for ₹2 lakhs. A power failure caused the refrigeration system to stop, leading to the spoilage of frozen goods worth ₹5 lakhs. The insurer compensated the owner for the losses. Later, it was discovered that the power failure was due to negligence by the electricity supplier. Why did the insurer file legal action against the electricity supplier?
- A.To recover the compensation paid due to the supplier’s negligence.
- B.To penalize the supplier for causing the power failure.
- C.To transfer the liability of the loss to the supplier.
- D.To enforce a new contract with the electricity supplier.
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4.Identify the principle of insurance based on the given information: 1. The insurer agrees to compensate the insured only to the extent of the loss suffered. 2. The insured cannot make a profit out of an insurance claim.
- A.Indemnity
- B.Insurable interest
- C.Utmost good faith
- D.Contribution
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5.When applying doctrine of subrogation, which statements are valid? I. The insurer steps into the insured's position after paying claims. II. Subrogation allows the insured to collect twice for the same loss. III. It prevents unfair gain from someone else's liability. IV. It applies only if no other principles are involved.
- A.I, II, and III are true
- B.II and III are true
- C.I and III are true
- D.I and IV are true
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