Post Utme Mountain Top University 2025 Commerce Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2025 Commerce Objective / Multiple Choice
Question 9 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • COMMERCE • objective

A company has purchased an insurance policy to protect against losses due to natural disasters. The policy has a deductible of ₦100,000 and a coverage limit of ₦500,000. If the company suffers a loss of ₦750,000 due to a natural disaster, how much will the insurance company pay?

Answer Options

A. ₦350,000
Correct Answer B. ₦450,000
C. ₦550,000
D. ₦650,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Mountain Top University 2025 Commerce Question 9. It is one of the objective questions from the 2025 Post Utme Mountain Top University Commerce examination.

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