Question 1

Spreading of risk otherwise termed as……….

Accepted Answer

A) Shifting of risk 
B) Acceptance of risk 
C) Reduction of risk 
D) Spreading of risk 
A) Shifting of risk 
B) Acceptance of risk 
C) Reduction of risk 
D) Spreading of risk

Question 2

Risk is measurable……..

Accepted Answer

A) Loss 
B) Profit 
C) Uncertainty 
D) None of the above 
A) Loss 
B) Profit 
C) Uncertainty 
D) None of the above

Question 3

Pure risk situation are those where there is a possibility of………….

Accepted Answer

A) Loss or no loss 
B) Loss 
C) Variation 
D) None of the above 
A) Loss or no loss 
B) Loss 
C) Variation 
D) None of the above

Question 4

Property damaged because of earthquake is…………risk

Accepted Answer

A) Risk for general insurance 
B) Non insurable risk 
C) Property risk 
D) None of the above 
A) Risk for general insurance 
B) Non insurable risk 
C) Property risk 
D) None of the above

Spreading of risk otherwise termed as……….

Risk is measurable……..

Pure risk situation are those where there is a possibility of………….

Property damaged because of earthquake is…………risk

Insurance Policy and Risk Management: Part B

Insurance Fundamentals

Understanding Insurance: Cover, Risk, and Reinsurance

Insurance Terminology and Policies

Insurance Policy Types and Terms

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Exam 1: Insurance Policy and Risk Management: Part A

Spreading of risk otherwise termed as……….

Risk is measurable……..

Pure risk situation are those where there is a possibility of………….

Property damaged because of earthquake is…………risk

Insurance Policy and Risk Management: Part B

Insurance Fundamentals

Understanding Insurance: Cover, Risk, and Reinsurance

Insurance Terminology and Policies

Insurance Policy Types and Terms

Filters