Insurance and Risk Management Online MCQ Set 1

QN01. The Insurance is a ______________ Contract Uncertainty Peril Hazard Answer(A)Contract QN02. Losses arising due to a risk exposure retained or assured is known as ______________ Risk Reduction Risk Financing Risk Retention Risk Sharing Answer(C)Risk Retention QN03. An alternative approach to the check list is ______________ Threat Analysis Event Analysis Operability Study Minimum Level Analysis…

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