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LOGISTICS AND INSURANCE Commercial Studies - LOGISTICS AND INSURANCE

ICSE - STD 10 - Commercial Studies (ICSE - English Medium). 108 questions in this chapter.

Question types

LOGISTICS AND INSURANCE question types

108 questions across 4 question groups — pick any mix to generate a Commercial Studies paper with step-by-step answer keys.

108
Questions
4
Question groups
5
Question types
Sample Questions

LOGISTICS AND INSURANCE questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ1 Mark
Identify the principal of insurance based on the given information.
1. The insured must be benefitted by the existence of the insured subject and suffer a loss by its destruction.
2. It is the financial interest of the insured in the subject matter of insurance.
  • A
    Idemnity
  • ✓
    Insurable interest
  • C
    Utmost good faith
  • D
    Mitigation of loss

Answer: B.

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Q 2MCQ1 Mark
A ___________ is an establishment for storage or accumulation of goods.
  • A
    Bank
  • ✓
    Warehouse
  • C
    Budget
  • D
    Forecast

Answer: B.

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Q 3MCQ1 Mark
Uberimmae fidae, the principle of insurance means:
  • ✓
    Utmost good faith
  • B
    Contribution
  • C
    Subrogation
  • D
    Mitigation of loss

Answer: A.

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Q 4MCQ1 Mark
_________is a contract which the insurance company undertakes to indemnify for loss or damage caused 20. due to accidental fire.
  • A
    Life insurance
  • B
    Marine insurance
  • ✓
    Fire insurance
  • D
    Health insurance

Answer: C.

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Q 5MCQ1 Mark
Warehouses licensed by the government and established specially for storage of dutiable goods are called:
  • A
    Private warehouses
  • ✓
    Bonded warehouses
  • C
    Public warehouses
  • D
    Cold storages

Answer: B.

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Q 16[4 marks Question-Answer]4 Marks
Mr. Shah took a Health insurance policy for 2 lakhs without disclosing proper facts. After three years he was admitted in hospital due to acute tuberculosis. During investigation it was found that he had been a chain smoker for the past five years.
1. Will he able to claim health insurance why?
2. Identify the Principle of insurance.
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