Post Utme Rsu 2024 Commerce Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Rsu Commerce examination.

Post Utme Rsu 2024 Commerce Objective / Multiple Choice
Question 26 POST_UTME_RSU • 2024 • COMMERCE • objective

In the context of insurance and risk management, what is the primary purpose of a deductible?

Answer Options

A. To reduce the premium paid by the policyholder
B. To increase the likelihood of a claim being made
Correct Answer C. To transfer a portion of the risk to the policyholder
D. To provide a tax benefit to the policyholder
Correct Answer
C
Correct Option:
To transfer a portion of the risk to the policyholder

About This Question

This is Post Utme Rsu 2024 Commerce Question 26. It is one of the objective questions from the 2024 Post Utme Rsu Commerce examination.

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