The loss of life is maximum if the flood water suddenly enters the inhabited areas at night. The loss of life during the floods is considered as _____ loss.
- AintangibleCorrect
- Bmeasurable
- Ctangible
- Dhuge and tangible
Solution
Concept
Flood losses that cannot be measured in money, such as loss of life, are called intangible losses.
Step-by-step solution
1. Flood losses are of two types: tangible and intangible. 2. Tangible losses can be measured in money, for example damage to crops, buildings and roads. 3. Intangible losses cannot be valued in money, for example loss of life and mental suffering. 4. Loss of life is therefore an intangible loss. 5. Answer is (A).
Explanation
Tangible flood losses can be counted in money, like damage to houses and crops. Loss of human life cannot be given a money value. So it is called an intangible loss.
Why the other options are wrong
B: Loss of life cannot be measured in money terms. C: Tangible losses are only those that can be valued in money. D: The loss is huge, but it is not tangible.
Shortcut
Can you put a money value on it? Yes means tangible. No means intangible.
Common mistake
Choosing 'huge and tangible' because the loss is very large. Size of loss does not decide the type.
Correct answer: A) intangible