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Which sevice from the below mentioned pr...

Which sevice from the below mentioned provides protection from risk?

A

(a) Banking

B

(b) Transportation

C

(c) Insurance

D

(d) Postal and Telecom

Text Solution

Verified by Experts

The correct Answer is:
b.) Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.
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