Download App

Business Services-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-11 Mark
Question
Insurance does not remove risk yet why do people prefer insurance
✓

Answer

Insurance does not remove risk but economic loss caused by the risk is paid by insurance company.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Each" from Business Services-1→Business Services-1 — all question types→OCM STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Bank permits how much minimum amount to be transferred through $RTGS$ ?
→
Explain the terms : $D/A$
→
Which media of internet are used by manufacturers to advertise their products ?
→
Why does government control Public Utility Units ?
→
How does company raise huge capital ?
→
How is the benefit of division of labour obtained in partnership firm?
→
When is bank overdraft known as Cash Credit ?
→
Give the meaning of social responsibility.
→
How does financial institutions provide finance to business units ?
→
As the solution of which problem the company form is emerged ?
→