Post Utme Unilag 2024 Commerce Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Unilag Commerce examination.

Post Utme Unilag 2024 Commerce Objective / Multiple Choice
Question 18 POST_UTME_UNILAG • 2024 • COMMERCE • objective

A company's insurance policy covers losses due to natural disasters. The policy has a deductible of ₦500,000 and a maximum payout of ₦5,000,000. If the company suffers a loss of ₦2,000,000 due to a natural disaster, what is the amount that the insurance company will pay?

Answer Options

Correct Answer A. ₦1,500,000
B. ₦2,000,000
C. ₦3,500,000
D. ₦4,500,000
Correct Answer
A
Correct Option:
₦1,500,000

About This Question

This is Post Utme Unilag 2024 Commerce Question 18. It is one of the objective questions from the 2024 Post Utme Unilag Commerce examination.

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