n NISM Certifications
NSM General NISM
Medium

Which of the following is an example of modern commercial insurance?

Practice question from IC 38 Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Benevolent societies

    Correct answer

  2. B

    Traders of Babylon paying extra money to their lenders

  3. C

    Joint-family system in India

  4. D

    Friendly societies in England

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

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