Question

Q4. The type of risk that can be insured against is
Speculative Risk
Pure Risk
Pure & Speculative risk
Non Financial Risk​

Answer 1

Answer:

Pure risk

I think it is right answer

Answer 2

Answer:

Pure risk, also known as absolute risk, is insurable. Speculative Risk: Three possible outcomes exist in speculative risk: something good (gain), something bad (loss) or nothing (staying even). Gambling and investing in the stock market are two examples of speculative risks.

Explanation: