Post Utme Summit University 2023 Commerce Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Summit University Commerce examination.

Post Utme Summit University 2023 Commerce Objective / Multiple Choice

Question 5 POST_UTME_SUMMIT_UNIVERSITY • 2023 • COMMERCE • objective

An insurance policy is a contract between an insurer and an insured that provides financial protection against loss or damage. What is the primary purpose of an insurance policy?

Answer Options

Correct Answer A. To provide financial protection

B. To reduce costs

C. To improve customer satisfaction

D. To increase market share

Correct Answer

Correct Option:

To provide financial protection

About This Question

This is Post Utme Summit University 2023 Commerce Question 5. It is one of the objective questions from the 2023 Post Utme Summit University Commerce examination.

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