n NISM Certifications
X NISM Series X
Medium

Earthquake damage risk is categorized as:

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Financial Risk

  2. B

    Non-Financial Risk

  3. C

    Speculative Risk

  4. Pure Risk

    Correct answer

Why this is the answer

Earthquake damage is an unanticipated, non-quantifiable event that is beyond control, classified as pure or absolute risk.

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