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…………..is a technique which distributes the risk of one person among many.

(A) Transport 

(B) Insurance

(C) Warehousing

(D) Banking

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Correct option is (B) Insurance

An effective way to guard against financial loss is insurance. It is a method of risk management that is primarily employed to protect against the risk of a potential loss. An organization that offers insurance is referred to as an underwriter, insurer, insurance business, or insurance carrier.

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