Deepak Wadhwa and Sons have been carrying on the business of diamond cutting since the last three generations in Bhuj, Gujarat. Since Bhuj is prone to earthquakes, the firm has decided to insure their business premises and inventory with Star Insurance Company. Which kind of risks the company is trying to minimise? Explain other causes of risks also.
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Answer:
pure risk
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The velocity of an object is the rate of change of its position with respect to a frame of reference, and is a function of time. ... Velocity is a physical vector quantity; both magnitude and direction are needed to define it
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