2. Questions Bank
  3. 11th Class
  4. Business Studies
  5. Evolution And Fundamentals Of Business

11th Class Business Studies Evolution And Fundamentals Of Business Question Bank Evolution and Fundamentals of Business (Short)

  • question_answer
    Differentiate between insurable risks and non-insurable risks.

    Answer:

    Ans.     Differences between insurable risks and non-insurable risks is summarised below:
    Basis Insurable risks Non - insurable risks
    Meaning Those risks which can be covered up by some type of insurance policy are called insurable risk. Those risks which cannot be covered up by some type of insurance policy are called non-insurable risk.
    Business Risks Business risks are not insurable risks. Business risks are non insurable risks.
    Example Risk of damage due to fire, accident, theft, etc. Risk of damage due to change in technology or change in government policy, etc.


You need to login to perform this action.
You will be redirected in 3 sec spinner