Which of the statements is correct? A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.

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Which of the statements is correct? A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.

 Options:

 

  • A. Statement A.
  • B. Statement B.
  • C. Both the statements.
  • D. Neither of the statements

 

The Correct Answer Is:

  • A. Statement A.

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