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Which of the ...

Question

Which of the following terms is never used in insurance sector?

A

Claim

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B

Paid-up Value

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C

Bonus

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D

Kyoto Protocol

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Solution

The correct option is B Kyoto Protocol
Kyoto Protocol is an international agreement which is established by United Nations Framework Convention on Climate Change. It focuses to reduce emisions. Thus it is an environmental issue and is never used in insurance sector.

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