MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 2 Mcqs, each offering curated multiple-choice questions to sharpen your Business Studies knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which of the following is not a function of insurance? |
| A. | Risk sharing |
| B. | Assist in capital formation |
| C. | Lending of funds |
| D. | None of the above |
| Answer» D. None of the above | |
| 2. |
It is the duty of the insured to make an effort for minimization of loss. It is the principle of: |
| A. | Utmost Good Faith |
| B. | Contribution |
| C. | Mitigation |
| D. | Insurable Interest |
| Answer» D. Insurable Interest | |