The term risk may be defined as:

Related MCQs

• Which of the statement are true? A. Risk retention and risk transfer are some of the techniques to manage risks. B. Implementation is one of the steps in risk management
• Risk management can be defined as the art and science of _________ risk factors throughout the life cycle of a project.
• Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.
• In Life Insurance, risk may be in the form of
• Risk of premature death is a
• Insurance is a risk management technique involving:
• The first step in risk management process is
• Main emphasis of risk management is on ___________.
• Following are the risk management methods:
• Risk management follows a systematic process which involves……….steps.