n NISM Certifications
NSM General NISM
Medium

In what way is purchasing insurance different from buying a car?

Practice question from IC 38 Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Insurance is tangible, whereas a car is intangible

  2. Insurance cannot be experienced, while a car can be experienced

    Correct answer

  3. C

    Insurance is a physical product, and a car is a service

  4. D

    Insurance is simple to understand, while a car is not

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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