Business Studies

Select the option from the choices given below:
A policy of insurance which covers definite risk is called ____ policy.


ANSWER

specific


SOLUTION
A policy of insurance which covers definite risk is called specific policy. Specific policy covers only when that pre-determined specific event occurs. Specific policy can be defined as a type of policy which provides coverage for to one specific property.
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Single Correct Medium Published on 18th 08, 2020
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