Q705
Which of the following is untrue? A. Insurance promotes efficient use of existing resourcesB. Insurance contributes to healthy economy and national productivityC. Insurance policy can be used as a collateral security
A.
A is true
B.
B is true
C.
A & B correct
D.
None of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
All the statements are incorrect. Insurance does not promotes efficient use of existing resources, Insurance does not contribute to healthy economy and national productivity and Insurance policy cannot be used as a collateral security.