Post Utme Abu 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Abu Commerce examination.

Post Utme Abu 2021 Commerce Objective / Multiple Choice
Question 24 POST_UTME_ABU • 2021 • COMMERCE • objective

A company's insurance policy covers losses due to fire, theft, and natural disasters. If the company's annual premium is ₦1.5 million and it experiences a loss of ₦2.8 million due to a fire, what is the company's deductible?

Answer Options

A. ₦500,000
B. ₦750,000
Correct Answer C. ₦1.0 million
D. ₦1.2 million
Correct Answer
C
Correct Option:
₦1.0 million

About This Question

This is Post Utme Abu 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Abu Commerce examination.

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