(English Medium) ICSE Class 10 - CISCE Important Questions for Commercial Studies

Explain the principles of insurance.

______ means a promise to compensate in case of loss.

Explain three reasons why warehousing is important.

Write a short note on:

Fire Insurance

The insurer is liable for insured perils only and not for unexpected uninsured ones. This is the principle of ______.

Warehouses licensed by the government and established specifically for storage of dutiable goods are called ______.

Explain any five importance of Warehousing.

Which warehouses are generally located in rural and suburban areas where space is available at low cost?

What is Fire Insurance?

Write short note on Life insurance.

Explain in brief two merits of Water transport.

Assertion: The concept of insurable interest is fundamental to all insurance contracts.

Reasoning: It ensures that the insured has a legitimate financial interest in the subject matter insured.

Identify the insurance depicted in the picture below.

Identify the picture.

Identify the principle of insurance based on the given information.

1. The insured must be benefitted by the existence of the insured object and must suffer a loss by its destruction.
2. It is the financial interest of the insured in the subject matter of insurance.

Explain in brief the Principle of Subrogation.

Write a short note on Health insurance.

Mention any three merits of Road transport.

Mr. Mohan took a health insurance policy for Rs. 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 be able to claim health insurance? Why?
2. Identify the Principle of insurance.

Explain in brief three demerits of Water transport.