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.Why is the principle of utmost good faith critical in an insurance contract?
- A.It allows the insurer to void the contract if the proposer conceals or misrepresents material facts.
- B.It ensures the insured receives compensation even if facts are withheld.
- C.It mandates that the insurer must verify all facts independently.
- D.It requires the insured to pay higher premiums for full disclosure.
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2.Mr. Vijay took life insurance for ₹50 lakhs. He passed away due to an accident, and his family filed a claim. The insurer found that Mr. Vijay had disclosed all facts truthfully at the time of purchasing the policy. Will Mr. Vijay's family receive the claim amount?
- A.No, because life insurance claims are never honored.
- B.Yes, because he upheld the principle of utmost good faith.
- C.No, because the insurer always denies accident claims.
- D.Yes, because the policy amount was very high.
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3.Which of the following best describes life insurance?
- A.A contract where the insurer pays a sum to beneficiaries upon the insured's death or after a set period in exchange for premiums.
- B.A policy that covers medical expenses incurred due to illness or injury.
- C.An agreement to compensate for loss or damage to property caused by natural disasters.
- D.A financial product that guarantees returns on investment after a fixed term.
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4.Life insurance is a contract of contingency.
- a.Life
- b.Motor
- c.Fire
- d.Marine
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5.Identify the principle of insurance based on the given information : 1. The insurer compensates the insured for losses caused by the insured event. 2. The insured must not intentionally cause or exaggerate the loss.
- A.Contribution
- B.Indemnity
- C.Mitigation of loss
- D.Subrogation
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