0
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following is not a function of insurance?
  1. Risk sharing
  2. Assist in capital formation
  3. Lending of funds
  4. None of the above

A
Risk sharing
B
Lending of funds
C
None of the above
D
Assist in capital formation
Solution
Verified by Toppr

Insurance is a means of protection from financial loss. It is a form of risk management primarily hedged against any uncertain future loss. The functions of insurance are risk sharing, assisting in capital formation, economic progress, etc. Lending of funds is not a function of insurance. It is a function of banks.

Was this answer helpful?
2
Similar Questions
Q1
Which of the following is not a function of insurance?

(a) Risk sharing

(b) Assist in capital formation

(c) Lending of funds

(d) None of the above

View Solution
Q2
Which of the following cities is not a capital of a state in India?
View Solution
Q3

Q. Which of the following is a component of Capital Expenditure?

Which of the statements given above is/are correct?


  1. 1 and 2 only
  2. 2 and 3 only
  3. 3 only
  4. 1, 2 and 3
View Solution
Q4
Which of the following is not followed in capital budgeting?
View Solution
Q5
Which among the following is not the capital of a state in India?
View Solution