CS/BIRM/SEM-5/BIRM-501/2011-12
2011
BASICS OF RISK MANAGEMENT
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Choose the correct alternatives for any ten of the
following : 10 × 1 = 10
i) In which of the following methods of Risk Handling, the
chance of loss is reduced to zero ?
a) Risk Transfer b) Risk Reduction
c) Risk Analysis d) Risk Avoidance.
ii) ............. is the cause of loss.
a) Peril b) Hazard
c) Risk d) Liability.
iii) Environmental risks are
a) insurable b) non-insurable
c) excluded d) none of these.
iv) A captive insurance company is
a) a subsidiary of the parent company
b) an independent company registered with IRDA
c) also equally exposed to the risk of moral hazards
d) none of these.
v) Submitting a fraudulent claim is the example of .........
hazard