n NISM Certifications
NSM General NISM
Medium

What is the definition of "risk" in the insurance industry?

Practice question from IC 38 Mock Test 20 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A method of avoiding losses

  2. B

    A process of transferring funds

  3. A potential for loss or damage

    Correct answer

  4. D

    A technique for managing financial assets

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

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