Answer with explanation:
Yes,it is true statement that an inscribed angle is an angle formed by two chords that share an endpoint.
Consider a circle with center O of any radius , and two chords of any length AB and AD having same end point A.
When these segments meet at point A, an angle is formed .
You can call it as , ∠DAB or ∠BAD.
As , Definition of angle states that ,two rays or two line segments having common end point.