Que. 1 : ________________ is a chance of loss which may or may not happen.
   1.  Risk
   2.  Insurance
   3.  Assurance
   4.  None of the above
Que. 2 : Which of the below statement is not true?
   1.  Insurance cannot protect an asset from loss or damage.
   2.  Losses can arise in the event of breach of an agreement.
   3.  Risk is a chance of loss which may or may not happen.
   4.  Risk is a chance of loss which will happen.
Que. 3 : Which of the below statement is not true?
   1.  Peril is the cause of loss
   2.  Hazards are some habits which invtes the peril
   3.  Insurance cannot protect an asset from loss or damage.
   4.  Peril are some habits which invtes the hazards
Que. 4 : Which of the below is a basis of risk classification?
   1.  Extent of damage likely to be suffered
   2.  Nature of risk environment
   3.  All of the above
   4.  None of the above
Que. 5 : Which of the below is a basis of risk classification?
   1.  Result / Consequence / Outcome
   2.  Nature of risk environment
   3.  All of the above
   4.  None of the above
Que. 6 : On Extent of damage likely to be sufferedwhich of the below is a type of risk events or situations?
   1.  Critical or Catastrophic
   2.  Major
   3.  Dynamic risks
   4.  All of the above
Que. 7 : Which of the below is a example of dynamic risk?
   1.  Earthquake
   2.  Accident and sickness
   3.  Unemployment
   4.  Fire
Que. 8 : Which of the below is a example of dynamic risk?
   1.  Earthquake
   2.  Accident and sickness
   3.  Inflation
   4.  Fire
Que. 9 : Which of the below is a example of dynamic risk?
   1.  Earthquake
   2.  Accident and sickness
   3.  War
   4.  Fire
Que. 10 : Which of the below is a example of dynamic risk?
   1.  Earthquake
   2.  Accident and sickness
   3.  Political upheavals.

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