Shariah RFP Module 2 Practice Questions - MFPC Shariah RFP Module 2 - Risk And Takaful Planning (Malaysia) Exam

Which of the following describes 'pure risk'?

A situation where there is a chance of either loss or gain A situation where there is only a chance of loss or no loss A risk associated with speculative investments A risk deliberately taken for potential profit

Correct Answer:

A situation where there is only a chance of loss or no loss

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