GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Any insurance risk resulting from a human decision is called ____
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Pure Risk
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Static Risk
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Partial Risk
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Dynamic Risk
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Explanation:
Detailed explanation-1: -A Dynamic risk is a risk brought on by sudden and unpredictable changes in the economy. As an example, this can occur through changes in pricing, income, brand preference or technology. These changes can bring about sudden personal and business financial losses to those affected.
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