Consider the following statement I. Insurance is denned as "the equita – McqOptions

MCQOPTIONS

1.	Consider the following statement I. Insurance is denned as "the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a reasonable fee". II. Function of insurance is to provide protection from probable chances of loss. III. It assists in capital formation. Which of the statement(s) given above is/are correct?
A.	I and II
B.	II and III
C.	I and III
D.	All of these
Answer» B. II and III

Discussion

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