BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The National Flood Insurance Program (NFIP), managed by the Federal Emergency Management Agency (FEMA), enables homeowners, business owners and renters in participating communities to purchase federally backed flood insurance.
Detailed explanation-2: -FEMA is a regulatory mechanism that enables the Reserve Bank of India to pass regulations and the Central Government to pass rules relating to foreign exchange in tune with the Foreign Trade policy of India.
Detailed explanation-3: -Federal Emergency Management Agency (FEMA).
Detailed explanation-4: -Incomplete. Scientific American reports that only one-third of streams and 46 percent of coasts have been mapped by FEMA. Moreover, when data for an area isn’t updated at the five-year mark, the flood risk is considered “unknown.”