Post Utme Ksu 2025 Commerce Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Ksu Commerce examination.

Post Utme Ksu 2025 Commerce Objective / Multiple Choice
Question 14 POST_UTME_KSU • 2025 • COMMERCE • objective

A firm's insurance policy covers the risk of damage to its property. The policy has a deductible of ₦50,000 and a maximum payout of ₦500,000. If the actual damage is ₦200,000, what is the insurance payout?

Answer Options

A. ₦0
B. ₦50,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Ksu 2025 Commerce Question 14. It is one of the objective questions from the 2025 Post Utme Ksu Commerce examination.

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