The correct answer is option B : Unsystematic Risk, can be eliminated through diversification.
Unsystematic Risk, also known as specific risk, refers to the risk that is unique to a particular company or industry and can be eliminated or reduced through diversification.
Diversification involves investing in a variety of different assets or securities to reduce the impact of any one investment on the overall portfolio.
By spreading investments across different companies or industries, unsystematic risk can be mitigated, as the negative impact of any one investment is offset by the positive performance of others.