Which of the following statement is false?
A. Risk averse people will pay an insurance premium that is greater than the mathematically fair chance of loss in order to relieve themselves of uncertainty
B. A risk seeker is willing to assume risk
C. The mathematically fair price for insurance is the objective risk for the insurer multiplied by the maximum possible loss
D. Insurance is never a mathematically fair trade because the insurer adds several operating and other costs to loss costs when it calculates the premium
Answer: Option D
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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