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Discussion :: IBPS BANK EXAM TEST 7

  1. Which of the following aptly describes the business of insurance?
    2. A.

    Insurance is about collective bearing of risk
    B.

    Insurance pays to one person from money collected from another person
    C.

    Insurance is about disaster management
    D.

    Insurance is about paying for others mistakes
    E.

    None of these

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    Answer : Option A

    Explanation :

    Insurance is about collective bearing of risk

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