Q1: Which of the following is best described as: Risk-transfer arrangement under which an insurer provides fi | UPSC EPFO APFC 2026
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Which of the following is best described as: Risk-transfer arrangement under which an insurer provides financial protection in return for premium

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Question ID #26059 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Insurance Sectional Test 2026 Medium

Which of the following is best described as: Risk-transfer arrangement under which an insurer provides financial protection in return for premium

Correct Answer: D. Insurance
The correct answer is Insurance. Risk-transfer arrangement under which an insurer provides financial protection in return for premium

Which of the following is best described as: Risk-transfer arrangement under which an insurer provides financial protection in return for premium - MCQ Explanation

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Correct answer: D. Insurance

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