(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

What is meant by trade credit?

Describe the advantages of Trade Credit as a source of short-term finance.

Describe the disadvantages of Trade Credit as a source of short-term finance.

What do you understand by performance appraisal?

Explain the purposes of performance appraisal.

Discuss the merits of performance appraisal.

Discuss the limitations of performance appraisal.

Explain the main methods of performance appraisal.

In ______ insurance, insurable interest must exist both at the time of contract as well as at the time of loss.

Proof of age is required in case of insurance.

The concept of insured value is applicable only in case of ______ insurance.

Hull insurance is a type of ______ insurance.

Name the type of insurance which is not a contract of indemnity.

Name the type of insurance wherein insurable interest need not exist when the policy is taken.

______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.

What is meant by Non-Insurable Risk?

Give one example of Non-Insurable Risk.

What do you understand by 'Health Insurance'?

What is Life Insurance?

Falsification of records, alteration of figures and keeping two sets of accounts are examples of ______ fraud.