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Choose the correct alternative : By taking insurance, an individual - Mathematics and Statistics

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MCQ

Choose the correct alternative :

By taking insurance, an individual

Options

  • Reduces the risk of an accident

  • Reduces the cost of an accident

  • Transfers the risk to someone else.

  • Converts the possibility of large loss to certainty of a small one.

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Solution

By taking insurance, an individual Converts the possibility of large loss to certainty of a small one.

Concept: Accident Insurance
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APPEARS IN

Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 2 Insurance and Annuity
Miscellaneous Exercise 2 | Q 1.04 | Page 29
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