1.
Cost of the risk is product of which of the following 2 factors:

2.
Considering insuring an ordinary ball pen is an example of

3.
Considering insuring an oil refinery is example of

4.
Which of the following is correct? Statement A. The system of insurance benefits individual, family and the society Statement B. Insurance companies could invest in speculative ventures.

5.
Which of the following is untrue?
A. Insurance promotes efficient use of existing resources
B. Insurance contributes to healthy economy and national productivity
C. Insurance policy can be used as a collateral security