New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Any insurance risk resulting from a human decision is

    called?
    A Partial Risk Correct Answer Incorrect Answer
    B Static Risk Correct Answer Incorrect Answer
    C Dynamic Risk Correct Answer Incorrect Answer
    D Pure Risk Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Integral part of a speculative decision where only three alternatives are possible: gain, loss, or breakeven. 2. Exposure to loss from changes in the environment, such as fashions, people's tastes, and regulatory requirements. Dynamic risks are not insurable.

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