n NISM Certifications
NSM General NISM
Medium

What is the historical development of insurance?

Practice question from IC 38 Mock Test 13 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Insurance has been a part of human society since ancient times

    Correct answer

  2. B

    Insurance was introduced in India during the colonial era

  3. C

    Insurance is a modern concept that emerged in the past few decades

  4. D

    Insurance has always been regulated by governments

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

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