Post Utme Ims U 2023 Commerce Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Ims U Commerce examination.

Post Utme Ims U 2023 Commerce Objective / Multiple Choice
Question 35 POST_UTME_IMS_U • 2023 • COMMERCE • objective

A company's insurance policy covers losses due to fire, theft, and natural disasters. The premium paid is ₦100,000 per annum. What is the probability of a loss occurring in a given year?

Answer Options

A. 1/10
Correct Answer B. 1/5
C. 1/2
D. 2/5
Correct Answer
B
Correct Option:
1/5

About This Question

This is Post Utme Ims U 2023 Commerce Question 35. It is one of the objective questions from the 2023 Post Utme Ims U Commerce examination.

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