Jayant Singla (249) 1

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UNIVERSITY INSTITUTE OF LEGAL STUDIES

PANJAB UNIVERSITY

A Project Report Submitted as a part of curriculum of B. Com LLB


(Hons.) in the Subject of Entrepreneurship and Small-Scale Business
on the topic

Risk Taking

Submitted To- Submitted by-


Ms. Alka Sharma Jayant Singla
UILS, Panjab University, B. Com LLB(H.)
Chandigarh Sem-4 (Sec E)
Roll No. 249/20

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Acknowledgement
The success and final outcome of this project required a lot of guidance and assistance from
many people and I am extremely fortunate to have got this all along the completion of my
project. Whatever I have done is only due to such guidance and I would never forget to thank
them.

I take this opportunity to record deep sense of gratitude to my teacher,


Ms. Alka Sharma Ma’am, University Institute of Legal Studies, Chandigarh for her
incontestably perfect unmatched guidance, encouragement, valuable suggestions and efforts
made during the preparation of this project and during her lectures which enabled me to
complete this project successfully on the topic,

“Risk Taking”

I owe my regards to the entire faculty of the Department of Legal Studies from where I have
learnt the basics of law and whose informal discussions, intellectual support helped me in the
entire duration of this work.

Jayant Singla
B. Com LLB (Hons.)
Semester- 4 (Sec-E)
Roll No.- 249/20

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Table of Contents
Serial No. Heading Page No.
1. Introduction 04
2. Definition of Risk 04
3. Characteristics of Insurable Risks 05
4. Causes of Risks 07
5. Types of Risks 08
6. Risk Management 10
7. Steps in Risk Management 10
8. Risk Handling Techniques 13
9. Reasons for Rise of Risk Management 15
10. Ashish Hemrajani / BookMyShow 16
11. Bibliography 18

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Bibliography
• Entrepreneurship and Small Business by Jagroop Singh and Rajesh Marwaha (Kalyani
publisher)
• https://www.clearrisk.com/risk-management-blog/bid/47395/the-risk-management-
process-in-5-steps-1
• https://www.360factors.com/blog/five-steps-of-risk-management-process/
• https://www.investopedia.com/articles/investing-strategy/082816/methods-handling-risk-
quick-guide.asp
• https://www.koenig-solutions.com/blog/steps-of-risk-management-process
• https://startuptalky.com/ashish-hemrajani-story/

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