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Subjects
Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - AgricultureHardLevel 8

Why is it useful to adopt savings and insurance together to reduce agricultural risk?

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Answer and explanation

Correct answer: Savings can help immediate needs and insurance can help major losses

Savings support small shocks and insurance supports major risks. In exams, identify different risk management tools.

Tags

agriculturesavingsinsurancerisk-management

Frequently asked questions

What is the correct answer to this question?

Savings can help immediate needs and insurance can help major losses

Why is this the correct answer?

Savings support small shocks and insurance supports major risks. In exams, identify different risk management tools.

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 - Agriculture.

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