Post Utme Crawford University 2025 Commerce Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2025 Commerce Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • COMMERCE • objective

A company purchases an insurance policy to cover against losses due to fire. The policy has a deductible of ₦500,000. If the company suffers a loss of ₦2 million due to fire, what is the amount payable by the insurer?

Answer Options

Correct Answer A. ₦1.5 million
B. ₦1.5 million
C. ₦1.5 million
D. ₦1.5 million
Correct Answer
A
Correct Option:
₦1.5 million

About This Question

This is Post Utme Crawford University 2025 Commerce Question 15. It is one of the objective questions from the 2025 Post Utme Crawford University Commerce examination.

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