Why can insurance be useful for a small production unit in handicrafts?
Answer and explanation
Correct answer: For partial protection from losses like fire, theft or accident
Insurance does not remove risk but can support during loss. Exam tip: consider it a safety net.
Frequently asked questions
What is the correct answer to this question?
For partial protection from losses like fire, theft or accident
Why is this the correct answer?
Insurance does not remove risk but can support during loss. Exam tip: consider it a safety net.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Handicrafts.
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