40. Which of the following is based on tips, rumours and hunches, unplanned and without
knowledge of the exact nature of risk.
(A) Investment
(B) Speculation
(C) Gambling
(D) Arbitrage
Answers
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Answer:
inveatment is ther right option
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Answer:
Gambling is based on tips, rumours and hunches, unplanned and without knowledge of the exact nature of the risk. Option C.
Explanation:
Gambling is risking something (money) on something with an unknown outcome in the hope of winning back.
People invest lots of money hoping to achieve more.
This investment is not a guaranteed return investment.
They invest based on tips, rumours, and guessing.
Gambling is not planned, they invest in gambling without knowledge of the underlying risk.
Hence, Gambling is based on tips, an unplanned risky investment.
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