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 business owns a high-value machine insured by two companies against fire damage. A minor blaze causes losses of $10,000. Both insurers coordinate to pay their respective shares so that the total never exceeds $10,000. Which principle of insurance is illustrated?
- A.Causa Proxima
- B.Contribution
- C.Subrogation
- D.Utmost Good Faith
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2.Identify the principle of insurance based on the given information : 1. The insured must have a financial or legal interest in the subject matter of insurance. 2. The insured benefits from the existence and suffers loss from the destruction of the subject matter.
- A.Insurable interest
- B.Indemnity
- C.Contribution
- D.Subrogation
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3.Which of the following best describes Group Health Insurance?
- A.A policy covering only the employee for workplace injuries.
- B.A medical insurance plan covering employees and their dependents.
- C.A retirement plan for senior employees in an organization.
- D.A life insurance policy for high-risk professions.
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4.Which of the following pairs correctly matches the type of insurance with its purpose?
- A.Life Insurance: Protects goods transported by sea.
- B.Marine Insurance: Provides financial security to the insured’s family in case of death.
- C.Life Insurance: Provides financial security to the insured’s family in case of death. Marine Insurance: Protects goods transported by sea against risks like damage or loss.
- D.Fire Insurance: Covers risks associated with human life. Health Insurance: Protects against theft of property.
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5.A factory owner insured his machinery against fire for ₹2 lakhs and purchased two additional policies for the same machinery, each worth ₹2 lakhs. After a fire, he filed claims with all three insurers for the full amount. Why did the insurers refuse to pay the full amount?
- A.Principle of Indemnity prevents exceeding actual loss
- B.Principle of Contribution ensures proportional liability
- C.Principle of Subrogation limits recovery rights
- D.Principle of Causa Proxima excludes fire damage
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