Risk and Uncertainties

Q.

Risk are caused by ___, ___ or ___ causes

1. natural, human, capital

2. natural, human, economic

3. natural, human, political

4. natural, human, civil

Q.

Risk is not an essential part of a business.

1. True

2. False

Q.

What reward does a businessman get for bearing the risk?

1. None of the above

2. The reward of bearing risk is loss.

3. The reward if bearing risk is neutral.

4. The reward of bearing risk is profit.

Q.

Mr. Singh has a denim store at the market. There was a theft at his store and he lost 3lakh rupees. What kind of risk did he face?

1. Speculative risk

2. Pure risk

3. None of the above

4. Natural risk

Q.

Define 'business risk'.

1. The probability or chance a business incurs a loss is called risk.

2. The chance a business will incur a slight loss in business is called risk.

3. The chance a business will incur no loss in business is called risk.

4. All of the above

Q.

The degree of risk does not depend mainly on the nature and size of the business.

1. False

2. True

Q. Risk is caused by natural, human and policital causes.

1. False
2. True

Q. Risk is not an essential part of a business.

1. True
2. False

Q. Probability or chance of incuring loss is called risk

1. False
2. True

Q.

State True or False: In any business is there a certain amount of risk involved.

1. False

2. True