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A. True B. False
Read More »___ refers to the cause of loss or the contingency that may cause a loss.
A. Danger B. Hazards C. Risk D. Peril AnswerOption: D
Read More »___ risk is defined as the relative variation of actual loss from elected loss.
A. Expected risk B. Pure loss C. Subjective risk D. Objective risk AnswerOption: D
Read More »Among the following examples of speculative risks, mark the odd one out
A. Gambling and betting B. Horse Racing C. Trading of equity shares in stock market D. Lottery E. Robbery AnswerOption: E
Read More »Risk is known as the chance of loss. Choose the risk in which there is a chance of loss as well as chance of gain.
A. Speculative Risk B. Important Risk C. Financial Risk D. Dynamic Risk E. Business Risk AnswerOption: A
Read More »Catastrophic risks are characterized by a significantly higher number of claims occurring due to events which are _____
A. Large B. Multiple C. Small D. Single E. Higher AnswerOption: D
Read More »____ Risk is more predictable and _____ risks are considered as the most insurable risk.
A. Pure: Dynamic B. Catastrophic: Financial C. Static: Pure D. Fundamental: Importance AnswerOption: C
Read More »What is the correlation between risk and probability ?
A. there is no correlation B. Higher the Probability, Higher the Risk C. Higher the Probability, Lower is the Risk AnswerOption: B
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