Post Utme Christopher University 2018 Commerce Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2018 Commerce Objective / Multiple Choice
Question 39 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • COMMERCE • objective

A life insurance policy has a premium of ₦50,000 per annum. The policy pays out ₦1,000,000 in the event of the policyholder's death. What is the policy's benefit-cost ratio?

Answer Options

A. 1:20
Correct Answer B. 1:50
C. 1:100
D. 1:200
Correct Answer
B
Correct Option:
1:50

About This Question

This is Post Utme Christopher University 2018 Commerce Question 39. It is one of the objective questions from the 2018 Post Utme Christopher University Commerce examination.

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