Risk Management

Risk Management

University - Professional Development

7 Qs

quiz-placeholder

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Risk Management

Risk Management

Assessment

Quiz

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University - Professional Development

Practice Problem

Medium

Created by

Mr.Shrikant Madar

Used 14+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The insurance is a

Contract

Uncertainty

Peril

Hazard

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Losses arising due to a risk exposure retained or assured is known as

Risk reduction

Risk financing

Risk retention

Risk sharing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The measures aimed at avoiding, eliminating or reducing the chances of loss production is covered by

Risk control

Risk retention

Risk avoidance

Risk financing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The success of whole process of risk management depends on its

Identification

Risk analysis

Assessment of risk

Evaluation of risk

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Identify the types of pure risk

Personal risk

Property risk

Liability risk

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The person or party who seeks protection against a particular risk and pays a certain amount in consideration to the recovery of the financial loss is known as

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The party which undertakes to protect the insured from the specified risks and the loss, so caused in consideration to a certain premium received from the insured is known as

Insurer (insurance company)

Insured (Insurance policy holder)

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