New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Risks for which it is difficult for someone to get

    insurance is called?
    A Partial Risk Correct Answer Incorrect Answer
    B Uninsurable Risk Correct Answer Incorrect Answer
    C Covariant Risk Correct Answer Incorrect Answer
    D Pure Risk Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Uninsurable risk is a condition that poses unknowable or unacceptable risk of loss or a situation in which the insurance would be against the law. Insurance companies limit their losses by not taking on certain risks that are very likely to result in a loss.

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