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.Related Questions on Insurance
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