Learning with Earning

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08/04/2022

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03/11/2020

Which of the following cannot be insured?
A) Financial risk
B) Particular risk
C) Pure risk
D) Speculative risk

03/11/2020

If a person consumes alcohol regularly and does not disclose the same in proposal form - what is the type of hazard?
A) Moral
B) Physical
C) Both are correct
D) Both are wrong

03/11/2020

Law of large numbers is worked out by which of the following?
A) Pooling of risk
B) Maintaining insurable interest
C) With utmost good faith
D) Randomness

03/11/2020

Which statement is correct?
A) lung cancer is peril and smoking is a hazard
B) smoking is peril and lung cancer is hazard
C) Both the statement is correct
D) Both the statement is incorrect

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