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Which of the following is correct? Statement A – Insurance reduces burdens Statement B – Insurance is a system of mutual support. Statement C – Insurance the only method to manage risks.

Which of the following is correct? Statement A – Insurance reduces burdens Statement B – Insurance is a system of mutual support. Statement C – Insurance the only method to manage risks. Correct Answer A & B correct

Answer: Option 4

Insurance reduces burdens and Insurance is a system of mutual support. Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

Related Questions

Which of the following is correct?
Statement A – Insurance reduces burdens
Statement B – Insurance is a system of mutual support.
Statement C – Insurance the only method to manage risks.
To manage a business well is to manage its future, and to manage the future is to manage information, this statement is related to
Consider the given statement and decide which of the given assumptions is implicit. Statement: "Mutual fund investment is subject to market risks." an assumption: I. Investing in Mutual Funds can result in loss to someone. II. One can benefit from investing in Mutual Funds.
Read the following paragraph and answer the question based on it. The ongoing progress in technologies continue to throw up fresh risks related to data privacy nd security. There can be no true progress in technologies without such risks. The IT industries need to be equipped to handle such risks. Which option relates best to the above statement ?
In the following question, sentences of a paragraph have been jumbled and labeled as A, B, C, and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A. The value of the mutual fund company depends on the performance of the securities it decides to buy. B. Investing in a share of a mutual fund is different from investing in shares of stock. C. When you buy a unit of a mutual fund, you are buying the performance of its portfolio. D. Mutual funds pool money from the investing public and use that money to buy other securities, usually stocks and bonds.
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Why a retail investor is recommended to invest through a mutual fund in a stock exchange?
1. Mutual funds invest funds in a diversified portfolio of securities, thus reducing the risk of the investor.
2. Mutual funds are managed by financial experts.
3. Mutual funds promise high returns to the investors of the fund.
Sinking of an intermediate support of a continuous beam
i) reduces the negative moment at support
ii) increases the negative moment at support
iii) reduces the positive moment at center of span
iv) increases the positive moment at center of span
The correct answer is
Which of the following correctly describes, what the Bancassurance is
1. It is an arrangement where by the branches of a bank sell/distribute insurance products of an insurance company.
2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover.
3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies.
Select the correct answer
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