Business Studies

Select the option from the choices given below:
A policy of insurance which covers definite risk is called ____ policy.


ANSWER

specific


SOLUTION
A policy of insurance which covers definite risk is called specific policy. Specific policy covers only when that pre-determined specific event occurs. Specific policy can be defined as a type of policy which provides coverage for to one specific property.
View Full Answer

Its FREE, you're just one step away


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146
Enroll Now For FREE

Realted Questions

Q1 TRUE/FALSE Medium
State the following statement is True or False:
A policy which covers all types of risks is comprehensive policy.
  • A. True
  • B. False

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Subjective Medium
Write a short notes on the following:
Importance of business correspondence.

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Subjective Medium
Distinguish between the following:
Current Account and Fixed Deposit Account.

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 TRUE/FALSE Medium
Insurance is a form of risk management.
  • A. True
  • B. False

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Subjective Medium
What are the essentials of good business letter.

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer