Practice Test | Kullabs.com
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  • Insurance is a way, which provides security to the man and his property against the ______.

    all the options are correct
    uncertainity
    risk
    insecurity
  • "Insurance can be defined as a contract made by the person paying a certain amount based on estimated life and he or his representative gets the amount after his death or expiry of a policy?period." Who gave this definition?

    Insurance Business Act, 2042
    G. R. Agrawala
    Prof. R. S. Sharma
    Shirley Taylor
  • "Insurance is a co-operating device to spread loss caused by a particular risk over a number of persons who are exposed to it who agree to insure themselves against that risk." Who gave this definition?

    Prof. R. S. Sharma
    R.K. Gupta
    B.M. Shrestha
    Insurance Business Act, 2042
  • The insurance business has become ______ part of the business.

    an integral
    fractional
    incidental
    supplemental
  • The people of the society exposed to a number of personal risks due to their ______.

    all the options are correct
    death
    accidental
    unemployment
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