………………………..in a social device for eliminating or reducing the loss of society from certain risk.

Related MCQs

• ………………………………………….means to make good the actual loss and nothing more than the actual loss
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• --------------is a quasi judicial authority appointed by the RBI to redress customer complaints against certain deficiency in banking services.
• From the following, which is not a type of risk
• In insurance the risk is ………………………………………
• ……………………………….is the party who gets his life of property insured against risk
• Risk is evaluated on the basis of …………………………………….. theory
• Risk is evaluated on the basis of ___________ theory
• The person whose risk is insured is called ________________
• ____________ is also termed as group risk