n NISM Certifications
NSM General NISM
Medium

What gives insurance contracts their power and uniqueness?

Practice question from IC 38 Mock Test 14 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Spreading funds out among various assets

  2. B

    Combining the funds of various individuals

  3. C

    Risk avoidance

  4. The Principle of Mutuality

    Correct answer

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

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