Risk is evaluated on the basis of …………………………………….theory
A) Variability
B) Contingency
C) Probability
D) All
Correct Answer:
Verified
Q6: The things are property insured is called
Q7: The document which lays down the terms
Q8: The interest which insured has in the
Q9: A contract of insurance is a …………………………………….agreement
A)contingent
B)Constant
C)Both
Q10: LIC was formed in ………………………….
A)1952
B)1956
C)1957
D)1962
Q12: Insurance is a written agreement between the
Q13: Insurable interest means …………………………….interest
A)Individuals
B)Social
C)Monitoring
D)All of this
Q14: Human life is the subject matter of
Q15: Motor insurance provides insurance cover to _
A)Private
Q16: Expanded form of IRDA is_
A)Insurance Regulatory Development
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