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State with Reason Whether You Agree Or Disagree with the Following Statement. All Risks Are Insurable. - Economics

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प्रश्न

State with reason whether you agree or disagree with the following statement.
All risks are insurable.

टीपा लिहा

उत्तर

No, the above statement is not true. This is because insurable risk refers to the risks which are insured by insurance companies. For instance, risks against fire, risks against sea perils etc. While, there are some risks which cannot be insured. These include risks arising out of a change in government policies, changes in the demand for a product etc. Hence, all risks are not insurable.

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पाठ 7: Factors of Production - Exercise 5 [पृष्ठ ६१]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 7 Factors of Production
Exercise 5 | Q 3 | पृष्ठ ६१

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