________ involved those losses that occur even if there were no changes in the economic environment.

Related MCQs

• On the death of the bread-earner, two losses occur in the family-one is loss of human life and the other _____
• Any risk involved a situation where there is a possibility of gain refers to ________
• Pure risk situation are those where there is a possibility of………….
• _______ means those risks which involve a situation where there is a possibility of gain.
• ………… is the process of reducing frequencies and severely of losses.
• Direct or Consequential losses refer to _________
• Changes is technology is a example for …………
• ….. is a condition in which there is a possibility of an adverse deviation from a desired outcome that is expected or hope for.