Insurance and Risk Mgmt MCQs 2026

Spot exchange rate is

1. A rate for delivery in one year only ✓
2. B inflation differential only ✓
3. C interest tax rate ✓
4. D current rate for immediate currency delivery ✓

Forward exchange rate is

1. A always equal to spot with no premium ✓
2. B government tax rate ✓
3. C agreed rate for future currency exchange ✓
4. D stock dividend rate ✓

Purchasing Power Parity suggests exchange rates adjust to

1. A stock market indices only ✓
2. B corporate dividend policies only ✓
3. C relative price levels between countries ✓
4. D warehouse rent only ✓

Interest Rate Parity relates

1. A inventory costs to FX ✓
2. B forward premium/discount to interest rate differential ✓
3. C beta to exchange rate ✓
4. D audit fees to forwards ✓

Transaction exposure in international finance is

1. A translation of financial statements only ✓
2. B political nationalization risk only ✓
3. C employee turnover risk ✓
4. D risk from settling transactions in foreign currency ✓

Translation exposure arises from

1. A converting foreign subsidiary financial statements ✓
2. B export sales contracts only ✓
3. C import tariffs only ✓
4. D domestic payroll only ✓

Economic exposure reflects

1. A only daily spot fluctuations ignored ✓
2. B long-term impact of exchange rate changes on firm value ✓
3. C only accounting gains ✓
4. D only petty cash balances ✓

Pakistani rupee depreciation against US dollar makes

1. A exports relatively cheaper in dollar terms ✓
2. B imports cheaper in rupee terms always ✓
3. C foreign debt denominated in dollars smaller in rupees ✓
4. D remittances worthless ✓

Hedging foreign exchange risk with forward contract

1. A eliminates all business risk ✓
2. B locks in future exchange rate reducing uncertainty ✓
3. C guarantees profit on exports ✓
4. D removes need for pricing ✓

FX scenario 1: USD/PKR spot Rs 275 and 90-day forward Rs 277. A Pakistani importer hedging payables should understand

1. A spot rate Rs 275 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 277 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 2: USD/PKR spot Rs 277 and 90-day forward Rs 280. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 280 reducing exchange rate uncertainty ✓
2. B spot rate Rs 277 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 3: USD/PKR spot Rs 279 and 90-day forward Rs 284. A Pakistani importer hedging payables should understand

1. A spot rate Rs 279 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 284 reducing exchange rate uncertainty ✓

FX scenario 4: USD/PKR spot Rs 282 and 90-day forward Rs 287. A Pakistani importer hedging payables should understand

1. A spot rate Rs 282 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 287 reducing exchange rate uncertainty ✓

FX scenario 5: USD/PKR spot Rs 284 and 90-day forward Rs 290. A Pakistani importer hedging payables should understand

1. A spot rate Rs 284 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 290 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 6: USD/PKR spot Rs 286 and 90-day forward Rs 294. A Pakistani importer hedging payables should understand

1. A spot rate Rs 286 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 294 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 7: USD/PKR spot Rs 288 and 90-day forward Rs 291. A Pakistani importer hedging payables should understand

1. A spot rate Rs 288 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 291 reducing exchange rate uncertainty ✓

FX scenario 8: USD/PKR spot Rs 290 and 90-day forward Rs 294. A Pakistani importer hedging payables should understand

1. A spot rate Rs 290 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 294 reducing exchange rate uncertainty ✓

FX scenario 9: USD/PKR spot Rs 285 and 90-day forward Rs 289. A Pakistani importer hedging payables should understand

1. A spot rate Rs 285 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 289 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 10: USD/PKR spot Rs 287 and 90-day forward Rs 293. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 293 reducing exchange rate uncertainty ✓
2. B spot rate Rs 287 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 11: USD/PKR spot Rs 289 and 90-day forward Rs 296. A Pakistani importer hedging payables should understand

1. A spot rate Rs 289 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 296 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 12: USD/PKR spot Rs 291 and 90-day forward Rs 299. A Pakistani importer hedging payables should understand

1. A spot rate Rs 291 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 299 reducing exchange rate uncertainty ✓

FX scenario 13: USD/PKR spot Rs 293 and 90-day forward Rs 297. A Pakistani importer hedging payables should understand

1. A spot rate Rs 293 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 297 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 14: USD/PKR spot Rs 296 and 90-day forward Rs 300. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 300 reducing exchange rate uncertainty ✓
2. B spot rate Rs 296 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 15: USD/PKR spot Rs 298 and 90-day forward Rs 303. A Pakistani importer hedging payables should understand

1. A spot rate Rs 298 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 303 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 16: USD/PKR spot Rs 300 and 90-day forward Rs 307. A Pakistani importer hedging payables should understand

1. A spot rate Rs 300 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 307 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 17: USD/PKR spot Rs 294 and 90-day forward Rs 302. A Pakistani importer hedging payables should understand

1. A spot rate Rs 294 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 302 reducing exchange rate uncertainty ✓

FX scenario 18: USD/PKR spot Rs 296 and 90-day forward Rs 305. A Pakistani importer hedging payables should understand

1. A spot rate Rs 296 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 305 reducing exchange rate uncertainty ✓

FX scenario 19: USD/PKR spot Rs 299 and 90-day forward Rs 302. A Pakistani importer hedging payables should understand

1. A spot rate Rs 299 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 302 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 20: USD/PKR spot Rs 301 and 90-day forward Rs 306. A Pakistani importer hedging payables should understand

1. A spot rate Rs 301 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 306 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 21: USD/PKR spot Rs 303 and 90-day forward Rs 309. A Pakistani importer hedging payables should understand

1. A spot rate Rs 303 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 309 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 22: USD/PKR spot Rs 305 and 90-day forward Rs 312. A Pakistani importer hedging payables should understand

1. A spot rate Rs 305 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 312 reducing exchange rate uncertainty ✓

FX scenario 23: USD/PKR spot Rs 307 and 90-day forward Rs 316. A Pakistani importer hedging payables should understand

1. A spot rate Rs 307 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 316 reducing exchange rate uncertainty ✓

FX scenario 24: USD/PKR spot Rs 310 and 90-day forward Rs 319. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 319 reducing exchange rate uncertainty ✓
2. B spot rate Rs 310 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 25: USD/PKR spot Rs 304 and 90-day forward Rs 308. A Pakistani importer hedging payables should understand

1. A spot rate Rs 304 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 308 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 26: USD/PKR spot Rs 306 and 90-day forward Rs 312. A Pakistani importer hedging payables should understand

1. A spot rate Rs 306 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 312 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 27: USD/PKR spot Rs 308 and 90-day forward Rs 315. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 315 reducing exchange rate uncertainty ✓
2. B spot rate Rs 308 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 28: USD/PKR spot Rs 310 and 90-day forward Rs 318. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 318 reducing exchange rate uncertainty ✓
2. B spot rate Rs 310 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 29: USD/PKR spot Rs 313 and 90-day forward Rs 321. A Pakistani importer hedging payables should understand

1. A spot rate Rs 313 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 321 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 30: USD/PKR spot Rs 315 and 90-day forward Rs 325. A Pakistani importer hedging payables should understand

1. A spot rate Rs 315 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 325 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 31: USD/PKR spot Rs 317 and 90-day forward Rs 322. A Pakistani importer hedging payables should understand

1. A spot rate Rs 317 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 322 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 32: USD/PKR spot Rs 319 and 90-day forward Rs 325. A Pakistani importer hedging payables should understand

1. A spot rate Rs 319 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 325 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 33: USD/PKR spot Rs 313 and 90-day forward Rs 321. A Pakistani importer hedging payables should understand

1. A spot rate Rs 313 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 321 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 34: USD/PKR spot Rs 316 and 90-day forward Rs 324. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 324 reducing exchange rate uncertainty ✓
2. B spot rate Rs 316 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 35: USD/PKR spot Rs 318 and 90-day forward Rs 327. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 327 reducing exchange rate uncertainty ✓
2. B spot rate Rs 318 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 36: USD/PKR spot Rs 320 and 90-day forward Rs 331. A Pakistani importer hedging payables should understand

1. A spot rate Rs 320 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 331 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 37: USD/PKR spot Rs 322 and 90-day forward Rs 328. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 328 reducing exchange rate uncertainty ✓
2. B spot rate Rs 322 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 38: USD/PKR spot Rs 324 and 90-day forward Rs 331. A Pakistani importer hedging payables should understand

1. A spot rate Rs 324 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 331 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 39: USD/PKR spot Rs 327 and 90-day forward Rs 334. A Pakistani importer hedging payables should understand

1. A spot rate Rs 327 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 334 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 40: USD/PKR spot Rs 329 and 90-day forward Rs 338. A Pakistani importer hedging payables should understand

1. A spot rate Rs 329 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 338 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 41: USD/PKR spot Rs 323 and 90-day forward Rs 333. A Pakistani importer hedging payables should understand

1. A spot rate Rs 323 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 333 reducing exchange rate uncertainty ✓

FX scenario 42: USD/PKR spot Rs 325 and 90-day forward Rs 336. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 336 reducing exchange rate uncertainty ✓
2. B spot rate Rs 325 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 43: USD/PKR spot Rs 327 and 90-day forward Rs 334. A Pakistani importer hedging payables should understand

1. A spot rate Rs 327 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 334 reducing exchange rate uncertainty ✓

FX scenario 44: USD/PKR spot Rs 330 and 90-day forward Rs 337. A Pakistani importer hedging payables should understand

1. A spot rate Rs 330 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 337 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 45: USD/PKR spot Rs 332 and 90-day forward Rs 340. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 340 reducing exchange rate uncertainty ✓
2. B spot rate Rs 332 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 46: USD/PKR spot Rs 334 and 90-day forward Rs 344. A Pakistani importer hedging payables should understand

1. A spot rate Rs 334 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 344 reducing exchange rate uncertainty ✓

FX scenario 47: USD/PKR spot Rs 336 and 90-day forward Rs 347. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 347 reducing exchange rate uncertainty ✓
2. B spot rate Rs 336 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 48: USD/PKR spot Rs 338 and 90-day forward Rs 350. A Pakistani importer hedging payables should understand

1. A spot rate Rs 338 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward contract locks dollar purchase at Rs 350 reducing exchange rate uncertainty ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 49: USD/PKR spot Rs 333 and 90-day forward Rs 339. A Pakistani importer hedging payables should understand

1. A spot rate Rs 333 is guaranteed for all future years ✓
2. B forward contract locks dollar purchase at Rs 339 reducing exchange rate uncertainty ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 50: USD/PKR spot Rs 335 and 90-day forward Rs 343. A Pakistani importer hedging payables should understand

1. A forward contract locks dollar purchase at Rs 343 reducing exchange rate uncertainty ✓
2. B spot rate Rs 335 is guaranteed for all future years ✓
3. C hedging eliminates all business and credit risk ✓
4. D forward always equals spot with zero premium or discount ✓

FX scenario 51: USD/PKR spot Rs 337 and 90-day forward Rs 346. A Pakistani importer hedging payables should understand

1. A spot rate Rs 337 is guaranteed for all future years ✓
2. B hedging eliminates all business and credit risk ✓
3. C forward always equals spot with zero premium or discount ✓
4. D forward contract locks dollar purchase at Rs 346 reducing exchange rate uncertainty ✓

Insurance line 17: fire and property coverage in Pakistan addresses

1. A guaranteed stock market capital gains ✓
2. B corporate tax evasion schemes ✓
3. C damage to buildings and contents from fire and allied perils ✓
4. D unlimited speculative trading profits ✓

Insurance line 14: motor third-party coverage in Pakistan addresses

1. A guaranteed stock market capital gains ✓
2. B liability and damage arising from vehicle accidents ✓
3. C corporate tax evasion schemes ✓
4. D unlimited speculative trading profits ✓

Insurance line 12: health hospitalization coverage in Pakistan addresses

1. A medical treatment and hospitalization expenses ✓
2. B guaranteed stock market capital gains ✓
3. C corporate tax evasion schemes ✓
4. D unlimited speculative trading profits ✓

Insurance line 2: marine cargo coverage in Pakistan addresses

1. A guaranteed stock market capital gains ✓
2. B corporate tax evasion schemes ✓
3. C unlimited speculative trading profits ✓
4. D loss of goods during sea, air, or land transit ✓

Enterprise Risk Management (ERM) integrates

1. A identification and management of all organizational risks ✓
2. B only marketing campaign risks ✓
3. C only office stationery risks ✓
4. D only sports event scheduling ✓

Risk retention means

1. A always transfers all risk to insurer ✓
2. B eliminates possibility of loss ✓
3. C replaces need for internal controls ✓
4. D organization accepts loss and funds it internally ✓

Deductible in insurance policy

1. A total claim paid by insurer from first rupee always ✓
2. B illegal under all policies ✓
3. C amount borne by insured before insurer pays claim ✓
4. D same as sum insured ✓

Pure risk involves

1. A stock price appreciation only ✓
2. B only loss or no-loss outcomes not speculative gain ✓
3. C currency trading profit only ✓
4. D commodity speculation only ✓

Reinsurance is

1. A policy sold to individuals only ✓
2. B tax on insurance premiums ✓
3. C government pension scheme ✓
4. D insurance purchased by insurers to spread large risks ✓

Life insurance in Pakistan is regulated by

1. A SBP as primary insurer ✓
2. B PSX listing rules only ✓
3. C SECP insurance division framework ✓
4. D provincial motor vehicle authority ✓

Insurable interest exists when

1. A person bets on stranger life only ✓
2. B no economic stake in subject matter ✓
3. C policyholder suffers financial loss if insured event occurs ✓
4. D only speculative gain sought ✓

Utmost good faith (uberrimae fidei) requires

1. A hiding pre-existing conditions ✓
2. B full disclosure of material facts by both parties ✓
3. C misrepresenting risk deliberately ✓
4. D avoiding all documentation ✓

Principle of indemnity in insurance means

1. A insured receives triple damages always ✓
2. B insurer pays unlimited arbitrary sums ✓
3. C insured restored to financial position before loss not profiting ✓
4. D premium is optional after claim ✓

Insurance line 32: microinsurance health coverage in Pakistan addresses

1. A guaranteed stock market capital gains ✓
2. B medical treatment and hospitalization expenses ✓
3. C corporate tax evasion schemes ✓
4. D unlimited speculative trading profits ✓

Insurance line 27: group life coverage in Pakistan addresses

1. A death or maturity benefits to employee families ✓
2. B guaranteed stock market capital gains ✓
3. C corporate tax evasion schemes ✓
4. D unlimited speculative trading profits ✓

Insurance line 45: crop weather coverage in Pakistan addresses

1. A guaranteed stock market capital gains ✓
2. B corporate tax evasion schemes ✓
3. C unlimited speculative trading profits ✓
4. D yield loss from adverse weather or natural events ✓

Insurance line 55: professional indemnity coverage in Pakistan addresses

1. A guaranteed stock market capital gains ✓
2. B corporate tax evasion schemes ✓
3. C claims against professional negligence or errors ✓
4. D unlimited speculative trading profits ✓