"Driving a car could brought us to an accident, which would injure us or damage the car". This statement describes about .....................in our life.

BTM 4243 Takaful (Quiz 1)

Quiz
•
Religious Studies
•
University
•
Hard
Hafiz Hassan
Used 17+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Risk
Potential
Opportunity
Hazard
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
"Investing in the stocks of a company and starting up a new business involve not only the risk of loss but also the opportunity to make a profit or gain". This statement refer to ..............................
Speculative Risk
Pure Risk
Financial Risk
Fundamental Risk
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
"The losses caused by the events that are limited to one individual or a small group of individuals". This statement refer to ...........................
Fundamental risk
Speculative risk
Non-financial risk
Particular risk
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The following techniques can be used to manage risk EXCEPT:
Risk sharing
Risk acceptance
Risk control
Risk ignorance
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
"Some organisations provide medical assistance to their
employees if they are hospitalised. They pay their employees’ medical expenses direct to the hospital or reimburse the cost of medical to their employees". This technique refer to .....................
Risk Transfering technique
Risk Acceptance technique
Risk Control technique
Risk Avoidance technique
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
"To manage the risk of caravan to be looted, someone would advise the caravan to take a particular route that, in his opinion, was safe. The person who gave this advice always guaranteed that if any looting occurred on his suggested route, he would compensate the caravan for the loss". This situation refer to .....................
Daman ul Darak
Aaqila
Daman Khathar ul Tareeq
Taawun
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The client of insurance scheme can be called as ...................... and such clients can be an individual, company, government or any identifiable entities.
Insured
Contributor
Premium payer
Insurance holder
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