CBSE Class 12 Question Paper 2023 Insurance

Qu e st i o n

P a p e r
2023

Series HEFG Set-4
àíZ-nÌ H$moS>
Q.P. Code 338
amob Z§.
Roll No.

INSURANCE
:3 : 60
Time allowed : 3 hours Maximum Marks : 60

H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 15 h¢ &
àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE àíZ-nÌ H$moS H$mo narjmWu CÎma-nwpñVH$m Ho$
_wI-n¥>ð> na {bI| &
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >24 àíZ h¢ &
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$
Adí` {bI| &
Bg àíZ-nÌ Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db
àíZ- -nwpñVH$m na H$moB© CÎma Zht {bI|Jo &

Please check that this question paper contains 15 printed pages.
Q.P. Code given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
Please check that this question paper contains 24 questions.
Please write down the serial number of the question in the
answer-book before attempting it.
15 minute time has been allotted to read this question paper. The
question paper will be distributed at 10.15 a.m. From 10.15 a.m. to
10.30 a.m., the students will read the question paper only and will not
write any answer on the answer-book during this period.
*
338 Page 1 of 15 P.T.O.

:

(i)
(ii) 24 :

(iii)

(iv) (6 + 18) = 24 3
(6 + 11) = 17
(v)
(vi) : 30 :

(a) 6
(b)
(c)
(d) /
(vii) : 30 :
(a) 18
(b) 11
(c)
(d) /

IÊS> H$ $
(dñVw{ZîR> àíZ) (30 A§H$)

1. amoOJma H$m¡eb na {XE JE 6 àíZm| _| go {H$Ýht 4 àíZm| Ho$ CÎma Xr{OE & 4 1=4

(i) H$m¡Z- B
bmZo Ho$ H$m¶© H$s Ho$db gw{dYm àXmZ H$aVr h¡ ? 1

(a) CËnmXZ (b) ì¶mnma$
(c) ~¡§qH$J (d)

338 Page 2 of 15

General Instructions :
(i) Please read the instructions carefully.
(ii) This question paper consists of 24 questions in two Sections : Section A
and Section B.
(iii) Section A has Objective type questions, whereas Section B contains
Subjective type questions.
(iv) Out of the given (6 + 18) = 24 questions, a candidate has to answer
(6 + 11) = 17 questions in the allotted (maximum) time of 3 hours.
(v) All questions of a particular section must be attempted in the correct
order.
(vi) Section A : Objective Type Questions (30 marks) :
(a) This section has 6 questions.
(b) There is no negative marking.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.
(vii) Section B : Subjective Type Questions (30 marks) :
(a) This section has 18 questions.
(b) A candidate has to do 11 questions.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.

Section A
(Objective type questions) (30 Marks)

1. Answer any 4 out of the given 6 questions on employability skills. 4

(i) Which business activity only facilitates the act of bringing the
finished goods from the manufacturing unit to the customer or
buyer ? 1

(a) Manufacturing (b) Trading

(c) Banking (d) Insurance

338 Page 3 of 15 P.T.O.

(ii) ? 1

(iii)
³¶m H$aZm Mm{hE ? 1
(a) AnZr ~hZ go ~mV H$aZm
(b) Cgo é{M`m|
(c) Xÿar ~ZmH$a aIZm
(d) {dídmg ~ZmZo
(iv) m|
H$hbmVm h¡ ? 1

(v) ñbmBS> Omo Zo Ho$ {bE Amn H$m¡Z-gm EH$ ( gyMr {dH$ën p³bH$ H$a|Jo ? 1
(a) E{S>Q> (b) Qy>ëg
(c) BÝgQ>© (d) ñbmBS>
(vi) {H$gH$m Cn¶moJ A H$mo ì¶dpñWV Var _| g§J¥hrV H$aZo
Am¡a 춶 nÌH$ H$s Vah JUZm H$aZo Ho$ {bE {H$¶m OmVm h¡ ? 1

2. {XE JE 7 àíZm| _| go {H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 5 1=5

(i) Cg nj H$m Zm
XoVm h¡ & 1

(ii) {H$g àH$ma H$s aI gH$Vr ? 1

(iii) gm_mÝ` ~r_m {gÕm§V H$s
h¡ : 1
(a) gX²{dídmg (b) j{Vny{V©
(c) ~r (d) A§eXmZ
(iv) §n{Îm/ ¶mo½¶ {hV Zht aIVm h¡,
Jm ? 1

(v) ¶{X {Û {Îm H$s {H$gr ^r àH$ma H$s j{V ¶m hm{Z Ho$
{bE EH$ ~ma ^wJVmZ H$a {X¶m h¡, V~ g§n{Îm H$m A{YH$ma {ÛVr¶ nj
H$mo hñVm§V[aV hmo OmVm h¡ & Bg {gÕm§V H$m AmYma ³¶m h¡ ? 1

338 Page 4 of 15

(ii) What is meant by perseverance ? 1

(iii) From the following, what should not be done by Rekha to her sister
to overcome her personality disorder ? 1
(a) Talk to her sister
(c) Engage her in hobbies
(b) Always avoid her sister
(d) Help her to build confidence

(iv) What is a group of people working together towards achieving a
common goal called ? 1

(v) Which one menu option will you use to insert a slide ? 1
(a) Edit (b) Tools
(c) Insert (d) Slide

(vi) Which is used to store data in a systematic way (rows and
columns) and perform calculation, just like an expense sheet ? 1

2. Answer any 5 out of the given 7 questions. 5

(i) Name the party which undertakes to compensate the other party
for the potential loss. 1

(ii) Which types of company cannot carry on its insurance business ? 1

(iii) Identify the general insurance principle from the following, which
prevents the insured from making a profit ? 1
(a) Utmost good faith (b) Indemnity
(c) Insurable interest (d) Contribution

(iv) If a person has no insurable interest in the property/subject matter
at the time of loss then what will the contract of insurance be
called ? 1

(v) If the second party has paid once to the first party for the loss or
any kind of damage of property, then the right to ownership of
property passes on to the second party. What is basis of this
principle ? 1
338 Page 5 of 15 P.T.O.

(vi) (µJ¡a-OrdZ
gm§p»¶H$s` gyMZmE± EH${ÌV H$aZo Ho$ {
{H$¶m ? 1
(a) 1938 (b) 1928
(c) 1939 (d) 1950

(vii) ? 1

3. {XE JE 7 àíZm| _| go {H$Ýht 6 àíZm| Ho$ CÎma Xr{OE & 6 1=6

(i) H$m¡Z- ? 1
(a) 16dt eVmãXr (b) 17dt eVmãXr
(c) 15dt eVmãXr (d) 18dt eVmãXr

(ii) go | {hV CËnÞ hmoVm h¡ ? 1
(a) (b)
(c) A{YH$ma (d) AZw~ÝY
(iii) {ZåZ{b{IV - _| H$da H$s OmVr h¡ ? 1
(a) ^yH$ån
(b)
(c) X§Jo
(d) AmJ ~wPmZo _|
(iv) -go {gÕm§V go hm{Z Ho$ {déÕ gwajm àXmZ H$s Om gH$Vr h¡ bo{H$Z bm^
Zht ? 1

(v) Îm`m| Ho$ {bE AmJ go hmoZo dmbr hm{Z H$mo H$da H$aZm
MmhVm h¡ Omo {H$ EH$ hr am{e Ho$ VhV {d{^Þ ñWmZm| na pñWV gån{Îm`m| H$mo H$da
H$ao & BgHo$ { -gr nm°{bgr boZr Mm{hE ? 1

(vi) hm{Z Am¡a j{V H$mo H$da Zht -
h¢ ? Xr{OE & 1

(vii) mam Mmoar go hþB© hm{Z {H$g nm°{bgr Ho$ AÝVJ©V H$da hmoVr h¡ ? 1

338 Page 6 of 15

(vi) In which year was the Indian Insurance Company Act passed to
enable the government to collect statistical information about both
life and non-life insurance business ? 1
(a) 1938 (b) 1928
(c) 1939 (d) 1950

(vii) In which type of insurance is the evidence of forceful entry
necessary ?

3. Answer any 6 out of the given 7 questions. 6

(i) To which century can the history of fire insurance be traced ? 1
(a) 16th century (b) 17th century
(c) 15th century (d) 18th century

(ii) On account of which of the following insurable interest in goods
may not arise ? 1
(a) Ownership (b) Consent (mutual)
(c) Possession (d) Contract

(iii) Which one of the following loss in covered under fire insurance ? 1
(a) Earthquake
(b) Strike
(c) Riots
(d) Wages paid to persons engaged in extinguishing fire

(iv) Which insurance principle provides protection against losses and
not to make profit out of it ? 1

(v) Mr. Sunil Kumar wants to cover loss due to fire against such
property which are located at different places under a single sum.
Which fire policy should be taken by Mr. Sunil Kumar ? 1

(vi) Loss or damage will not be covered if fire is because of the
deliberate act of the owner. Do you agree ? Give reason in support
of your answer. 1

(vii) Under which policy is the loss due to theft by the employee
covered ? 1

338 Page 7 of 15 P.T.O.

4. {XE JE 6 àíZm| _| go {H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 5 1=5

(i) H$mJm} Ho$ n[adhZ Ho$ {bE ^wJVmZ H$s OmZo dmbr am{e ¶m {H$am¶o H$mo _____ H$hm
OmVm h¡ & 1
(a) (b) H$mJm}
(c) (d)

(ii) - (PPI) nm°{bgr Ho$
| OmZm OmVm h¡ ? 1
(a) Iwbr H$da nm°{bgr (b) AñWm¶r nm°{bgr
(c) (d)

(iii) Cg nm E {OgH$mo EH$ gmb
Zht {b¶m Om gH$Vm, bo{H$Z Cg_| ³¶ hmoVm h¡ & 1

(iv) go dm | Xmo OhmOm| Ho$ Q>H$amd Ho$ H$maU hþB© hm{Z H$mo
H$da {H$¶m OmVm h¡ ? 1
(a) ñ¶y Am¡a bo~a dm³¶ (b) OoQ>rgZ dm³¶
(c) aqZJ S>mD$Z dm³¶ (d) ³¶
(v) dmñV{dH$ Hw$b hm{Z H$m ³¶m AW© h¡ ? 1

(vi) hm{Z hmoZo Ho$ {H$VZo {XZm| Ho$ AÝX hþ±M OmZr Mm{hE ? 1

5. {XE JE 5 àíZm| _| go {H$Ýht 4 àíZm| Ho$ CÎma Xr{OE & 4 1=4
(i) H$m¡Z-
OmVm h¡ ? 1
(ii) , 1988 H$s Ymam 165
ݶm¶m{YH$aU H$mo ñWm{nV H$aZo H$m ³¶m CÔoí¶ h¡ ? 1
(iii) ì¶mdgm{¶H$ dmhZ Ho$ {bE {H$VZo joÌ h¢ ? 1
(iv) 140 Ho$ Ho$ {gÕm§V Ho$ AZwgma
_| {H$VZr am{e ? 1
(a) < 1,00,000 (b) < 50,000
(c) < 25,000 (d) < 75,000

338 Page 8 of 15

4. Answer any 5 out of the given 6 questions. 5×1=5
(i) The rent or amount paid for the transportation of cargo is called 1
(a) Fees (b) Cargo
(c) Commission (d) Freight
(ii) From the following, which marine policy is known as P Proof
of I ? 1
(a) Open Cover policy (b) Floating policy
(c) Honour or Wagering policy (d) Valued policy
(iii) Name the policy which cannot be taken for a period exceeding one
year but contains a continuation clause. 1
(iv) In which of the following clauses is the risk arising out of collision
between two ships covered ? 1
(a) Sue and labour clause (b) Jettison clause
(c) Running down clause (d) Continuation clause
(v) What is meant by actual total loss ? 1
(vi) In how many days from the day of loss must the information reach
the insurance company ? 1

5. Answer any 5 out of the given 6 questions. 5×1=5

(i) Under which general insurance are the loss caused by earthquake
and landslide are covered ? 1

(ii) What is the purpose of setting up Motor Accident Claim Tribunal
(MACT) under Section 165 of the Motor Vehicles Act, 1988 ? 1

(iii) How many zones are there for commercial vehicles ? 1

(iv) According to principle F Section 140 of the Motor
Vehicles Act, how much amount is given as a compensation in
case of death ? 1
(a) < 1,00,000 (b) < 50,000
(c) < 25,000 (d) < 75,000
338 Page 9 of 15 P.T.O.

(v) hV {H$g àH$ma H$s hm{Z¶m| H$mo H$da Zht {H$¶m OmVm h¡ ? 1
(a) ^yH$ån
(b) {KgmdQ>
(c)
(d) e¡bñIbZ
(vi) hm{Z go gwajm h¡ ? 1

6. {XE JE 6 àíZm| _| go {H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 5 1=5

(i) H$m¡Z- hV AñnVmb Ho$ IMm] Ho$ {bE Xmdm XO© {H$¶m Om gH$Vm h¡ ? 1

(ii) hmo OmVr h¡,
H$m {H$VZo à{VeV {X¶m Om gH$Vm h¡ ? 1
(a) 50% (b) 75%
(c) 90% (d) 100%

(iii) H$m¡Z-gr ñdmñ϶ nm°{bgr H$mo 90 df© VH$ {b¶m Om gH$Vm h¡ ¶{X {Za§Va CgH$m
ZdrZrH$aU hmoVm aho ? 1

(iv) H$m¡Z-gr ñdmñ϶ nm°{bgr ^maV Ho$ ~mha ^maVr¶ {Zdm{g¶m| Ho$ {bE emar[aH$ MmoQ> ,
~r ? 1

(v) AñWm¶r ñdmñÏ hV ñd¶§, nËZr Am¡a Xmo _________ H$mo H$da
{H$¶m Om gH$Vm h¡ & 1
(a) ~hZ| (b)
(c) ^mB© (d) /{nVm

(vi) {OgHo$ {bE \$m`Xm {b`m Om
gH$Vm h¡ ? 1
(a) 1 df© (b) 2 df©
(c) 3 df© (d) 4 df©

338 Page 10 of 15

(v) Which types of losses are not covered under Motor Vehicles Act ? 1
(a) Earthquake
(b) Depreciation
(c) Flood
(d) Rockslide

(vi) What is m ? 1

6. Answer any 5 out of the given 6 questions. 5 1=5

(i) Under which insurance can a claim be filed for the expenses of
hospitalisation ? 1

(ii) If a person dies due to an accident, then how much percentage will
be given to the insured out of the sum insured ? 1

(a) 50% (b) 75%

(c) 90% (d) 100%

(iii) Which medical policy can be extended up to 90 years, if renewed
continuously without any break ? 1

(iv) Which medical policy is issued for an Indian resident outside India
to cover bodily injuries caused or sickness or disease ? 1

(v) Under Floater Health Insurance Policy self, spouse and two
_________ can be covered. 1

(a) Sisters (b) Children

(c) Brother (d) Parents

(vi) What is the minimum period of Health Insurance Policy for which
the benefits can be availed ? 1

(a) One year (b) Two years

(c) Three years (d) Four years

338 Page 11 of 15 P.T.O.

IÊS> I $
({df¶naH$ àíZ) (30 A§H$)

amoOJma H$m¡eb Ho$ {XE JE 5 àíZm| _| go {H$Ýht 3 àíZm| Ho$ CÎma Xr{OE & à˶oH$ àíZ H$m CÎma
20 30 eãXm| Xr{OE & 3 2=6

7. H$mo {º$Ë h¢ & 2

8. gob go Amn ³¶m ¢? 2

9. n§{º$¶m| Am¡a ñV§^m| m| 2

10. ì¶mnma ¶moOZm H$mo n[a^m{fV H$s{OE & 2

11. & 2

{XE JE 5 àíZm| _| go {H$Ýht 3 àíZm| Ho$ CÎma 20 go 30 eãXm| Xr{OE & 3 2=6

12. gnZm XoZm ~¢H$ go < 1,00,000 H$m G$U boVr h¡ Am¡a CgH$s XmoñV JrVm ~¢H$ H$mo bmoZ
dm{ng MwH$Vm H$aZo H$s {b{IV Jm§aQ>r XoVr h¡, ¶{X gnZm G$U dm{ng H$aZo _|
? {Q>ßnUr H$s{OE & 2

13. A{½Z H$s {d{eîQ> nm°{bgr H$mo n[a^m{fV H$s{OE & 2

14. Q>H$amd H$mo n[a^m{fV H$s{OE & 2

15. é & Hw$N> [XZm| ~mX CgH$s
H$ma Mmoar hmo OmVr h¡, & ³¶m CgH$m
Xmdm ñdrH$ma {H$¶m OmEJm ¶m Zht ? 2

16. h¢ _|
bmJy Zht hmoVr h¡ ? 2
338 Page 12 of 15

Section-B
(Subjective type questions) (30 Marks)

Answer any 3 out of the given 5 questions on employability skills. Answer each
question 20-30 words. 3 2=6

7. Write any four steps which help to overcome the personality disorder ? 2

8. What do you understand by cell ? 2

9. Write down the steps for deleting rows and columns. 2

10. Define the meaning of Business Plan. 2

11. Write any two principles of idea creation. 2

Answer any 3 out of the given 5 questions in 20-30 words each. 2 3=6

12. Sapna takes a loan from Dena Bank of < 1,00,000 and her friend Geeta
gives a written undertaking to the bank to repay this loan, if Sapna fails to
repay the loan. Is it a contract of insurance ? Give your comments. 2

13. Define the meaning of specific policy of fire. 2

14. Collision Marine Insurance. 2

15. Mr. Rajan has insured his car against a third party. After some days his
car was stolen, then Mr. Rajan filed a complaint for car theft. Will his
claim be accepted or not ? 2

16. Do you agree that personal accident policy is not applicable in case of
natural death ? Give reason in support of your answer. 2

338 Page 13 of 15 P.T.O.

{XE JE 3 àíZm| _| go {H$Ýht 2 àíZm| Ho$ CÎma 30 go 50 eãXm | Xr{OE & 3 2=6

17. ÎdnyU© h¡ ? 3

18. ? 3

19. {H$Ýht VrZ H$maH$m| H$s ì¶m»¶m H$s{OE Omo {H$ Mmoar E
h¢ & 3

{XE JE 5 àíZm| _| go {H$Ýht 3 àíZm| Ho$ CÎma 50 go 80 eãXm| _| Xr{OE & 4 3=12

20. Ho$ÝÐr¶ gaH$ma Û ? BgHo$
{H$Ýht VrZ H$m`m] H$m dU©Z H$s{OE & 4

21. & 4

22. hV {ZåZ{b{IV H$s ì¶m»¶m H$s{OE : 4

(i) 춺$ dma§Q>r
(ii) J{^©V dma§Q>r

23. hV H$ma H$s Mmoar Ho$ Xmdo H$m {ZnQ>mam H¡$go {H$¶m OmEJm ? 4

24. E& 4

338 Page 14 of 15

Answer any 2 out of the given 3 questions in 30-50 words each. 3 2=6

17. Why is the general insurance needed for a businessman ? 3

18. Is it mandatory to have insurance for plying motor vehicles in public places ?
Explain. 3

19. Explain any 3 factors that are helpful in reducing the premium of burglary
and theft insurance. 3

Answer any 3 out of the given 5 questions in 50-80 words each. 4 3=12

20. Why was Insurance Regulatory Development Authority (IRDA) established by
the Central Government ? Write any three functions of IRDA. 4

21. Describe the Fire Replacement Policy. 4

22. Explain the following under Marine Insurance : 4

(i) Expressed warranties

(ii) Implied warranties

23. How will the claim be settled in case of theft of a car under Motor Vehicle
Insurance ? 4

24. Explain the procedure to avail the benefits under cashless health insurance. 4

338 Page 15 of 15 P.T.O.