Vidyalelo
Commerce · Q692

Insurance

Graduate and Post Graduate · Commerce · question 692

Q692

The emergence of which of the following necessitates insurance as a form of security?

A.
Joint family system
B.
Nuclear family system
Answer
C.
Both A & B
D.
None of the above

Answer: Option B

Solution

Answer: Option B
Solution:
Nuclear family system necessitates insurance as a form of security. Nuclear family system is a family structure that consists of two parents living with their children, also known as an immediate family.