MP Board · Class 11 · Business Studies · Business ServicesFire insurance does NOT cover loss caused by:
Step-by-Step Solution
Spontaneous combustion or natural heating of goods is usually excluded unless specifically insured, but standard fire insurance covers accidental fire, lightning, etc.
Detailed Options Breakdown
Option : Accidental fire
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
Option 1: Lightning
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
Option 2: Normal wear and tear (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Explosion of boiler
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
💡 Study Guide: This question tests core syllabus concepts from Business Services. For formulas, key summaries, and mock exam reference guides, read the full Business Services Revision Notes.