…………. Refers to a situation where outcome is not certain

Related MCQs

• Any risk involved a situation where there is a possibility of gain refers to ________
• ….. is a condition in which there is a possibility of an adverse deviation from a desired outcome that is expected or hope for.
• Pure risk situation are those where there is a possibility of………….
• Speculative risk is a situation in which…………………… is possible
• _______ means those risks which involve a situation where there is a possibility of gain.
• Insurance covers the risk of most certain event _____
• Risks are not suited to treatment by insurance refers to ____________
• The danger of loss from the unforeseen circumstances in future refers to _____
• The principle of prevention is better than cure refers to __________
• The proportion of the risk which the direct insurer holds on his own account refers to _______