Insurance and Risk Management

91. All dynamic risks are ______________.

1. predictable
2. Unpredictable
3. Possibility
4. Judgement

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92. The agreement refers to ______________.

1. Offer
2. Acceptance
3. Free Consent
4. All the above

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93. The System that brings together the operative causes of perils is ______________

1. Risk Evaluation
2. Safety Audit
3. Risk Financing
4. Fault Tree Analysis

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94. The main aim of risk Financing is to ______________

1. Control the risk
2. Avoid the Risk
3. Spread the Risk
4. Financing the Risk

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95. The claim amount received from insurer are treated as ______________.

1. Nontaxable Income
2. TaxableGain
3. Gains
4. Reserve

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96. Franchise and aggregate excess of loss are two variations of ______________.

1. Coinsurance
2. Excess of Loss
3. First Loss
4. Proximate Cause

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97. The risk management which refers to the identification of pure risk faced by an individual or family is ______________.

1. Corporate
2. Individual
3. Joint Stock Companies
4. Partnership Firm

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98. The 5th chapter of Factories Act deals with ______________.

1. Safety
2. Welfare
3. The Inspecting Staff
4. Marketing Manager

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99. Dynamic risks are closely related to ______________.

1. Speculative risks
2. Static Risks
3. Personal Risks
4. Particular

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100. In order to minimize the impact of uncertain events risk management is concerned with planning arranging and controlling of ______________.

1. Men and Material
2. Resources and Market
3. Activities and Resources
4. Men and Activities

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