1. The cause of loss or a contingency that may cause a loss due to nature is known as ______________
a) Hazard
b) Peril
c) Risk
d) Uncertinity
2. The risk which directly affects the individual's capability to earn income is called ______________
a) Personal Risk
b) Risk Financing
c) Risk Retention
d) Risk Sharing
3. Type of Risk Management are ______________
a) Risk Retention,Risk Analysis,Risk Financing
b) Risk Analysis,Risk Control,Risk Financing
c) Risk Control,Risk Retention,Risk Avoidance
d) Risk Analysis,Risk Control,Risk Financing
4. The Risks which have some financial impact from the part of risk management are ______________
a) Dynamic and Speculative Risk
b) Pure and Speculative Risk
c) Pure and Static Risk
d) Personal and Static Risk
5. The measures aimed at avoiding, eliminating or reducing the chances of loss producing events is
covered by ______________.
a) Risk Avoidance
b) Risk Control
c) Risk Evaluation
d) Risk Financing
6. Identification of sources of hazard will have to be done by the ______________.
a) Production manager
b) Risk manager
c) Finance manager
d) General manager
7. The expected value of losses varies directly with the ______________.
a) time period
b) financial period
c) fixed period
d) fluctuating period
8. The number of elements of uncertainty in most type of events are ______________.
a) Three
b) Two
c) One
d) Five
9. Personnel risk in a firm depends upon the ability integrity and enthusiasm of ______________.
a) Creditors
b) Debtors
c) Government
d) Management and Employees
10. Except life assurance the maximum term of other insurance is ______________.
a) twelve months
b) twenty four months
c) six months
d) thirty six months