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

A. A is true

B. B is true

C. A & B correct

D. None of the above

Answer: Option D

Solution(By Examveda Team)

All the statements are incorrect.
Insurance does not promotes efficient use of existing resources, Insurance does not contribute to healthy economy and national productivity and Insurance policy cannot be used as a collateral security.