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This question belongs to Commerce Insurance

Insurance

?

Which of the below option best describes the process of insurance?

A) Sharing the losses of many by a few B) Sharing the losses of few by many C) One sharing the losses of few D) Sharing of losses through subsidy

Answer & Solution

Correct Answer: Option B

Sharing the losses of few by many best describes the process of insurance.

Question posted by Examveda

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