JAMB Commerce 2008 Objective — Question 40

Question 40 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

40. An example of a non-insurable risk is

A. burglary
B. speculationCorrect
C. fire
D. accident

Explanation

A risk can be insured if there is an attached probability. Speculation has no attached probability, thus it is not insurable.

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