n NISM Certifications
NSM General NISM
Medium

Why is insurance needed?

Practice question from IC 38 Mock Test 11 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To increase the primary burden of risk

  2. B

    To increase the secondary burden of risk

  3. To reduce the primary and secondary burden of risk

    Correct answer

  4. D

    To transfer the risk from insurer to insured

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

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