Practice Insurance - 1.5.2.3 | 1. Commercial Activities | ICSE Class 9 Commercial Studies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is insurance?

💡 Hint: Think about what safety net means.

Question 2

Easy

Name one type of insurance.

💡 Hint: What might a business use to protect itself?

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary function of insurance?

  • To provide loans
  • To protect against financial losses
  • To invest money

💡 Hint: Think about what happens when unexpected incidents occur.

Question 2

True or False: Liability insurance covers damages from accidents caused by the insured.

  • True
  • False

💡 Hint: Consider how accidents could lead to lawsuits.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Considering the types of insurance available, outline a strategy for a small business looking to expand.

💡 Hint: What are the main risks when expanding operations?

Question 2

How might a lack of insurance impact long-term business sustainability?

💡 Hint: Consider the long-term consequences of unexpected expenses.

Challenge and get performance evaluation