Que. 1 : Q1) When there is a failure of a system, human errors, inadequate procedures and controls, we call it as 1. a) Objective risk 2. b) Operational risk 3. c) Human risk 4. d) None of the above Que. 2 : Q2) Personal accident business carries catastrophe exposure in respect of 1. a) Group PA policies 2. b) Passengers in a…