English New IC-33 Test – 22

Que. 1 : Which of the below is not a example of Static risk?

1.  Earthquake   2.  Accident and sickness   3.  Unemployment   4.  Fire 

Que. 2 : _____________ refer to events taking place within a stable environment. They have a regular pattern of occurrence over time and can be reasonably predicted. They are thus easier to insure. Typically such risks are caused by natural events.

1.  Static risks   2.  Dynamic risks   3.  Fundamental risks   4.  Particular risks 

Que. 3 : ______________________ refer to perils that affect the social environment and result from economic and social factors. They are called dynamic because they don’t necessarily have a regular pattern of occurrence and cannot be predicted like static risks. Again these risks often have vast national and social consequences and may affect a large section of people.

1.  Static risks   2.  Dynamic risks   3.  Fundamental risks   4.  Particular risks 

Que. 4 : _____________________ affect large populations. Their impact is widespread and tends to be catastrophic.

1.  Static risks   2.  Dynamic risks   3.  Fundamental risks   4.  Particular risks 

Que. 5 : ________________ affect only specific individuals and not an entire community or group. In this case the loss is borne only by particular individuals and not the entire community or group.

1.  Static risks   2.  Dynamic risks   3.  Fundamental risks   4.  Particular risks 

Que. 6 : ________________ describes a situation in which the consequence can be either a profit or a loss. Typical examples of taking such risk are gambling on horses or stock market speculation. One assumes such risk deliberately in the hope of a gain.

1.  Static risks   2.  Dynamic risks   3.  Fundamental risks   4.  Speculative risk 

Que. 7 : ______________ involves situations in which the outcomes can result only in loss or no loss, but never in gain.

1.  Static risks   2.  Dynamic risks   3.  Fundamental risks   4.  Pure risk 

Que. 8 : Which of the below is a example of pure risk?

1.  Fire   2.  Explosion   3.  Earthquake   4.  All of the above 

Que. 9 : Which of the below is a example of natural pure risk?

1.  Earthquake   2.  Flood   3.  Cyclone   4.  All of the above 

Que. 10 : Which of the below is a example of Social pure risk?

1.  Riots    2.  Fraud    3.  Thefts    4.  All of the above

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