Which of the following are incorrect?
1. Mutuality means funds from various individuals are combined.
2. Diversification means spreading out funds to various destinations.

A. 1 is correct

B. 2 is correct

C. Both A & B

D. None of the above is correct

Answer: Option D

Solution(By Examveda Team)

Mutuality means flow of resources from many to one. Diversification is a risk management technique that mixes a wide variety of investments within a portfolio.