Post Utme Unilorin 2019 Commerce Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2019 Commerce Objective / Multiple Choice
Question 31 POST_UTME_UNILORIN • 2019 • COMMERCE • objective

A firm's insurance policy covers losses up to ₦1,000,000. If the firm incurs a loss of ₦800,000, what is the amount paid by the insurer?

Answer Options

A. ₦800,000
B. ₦900,000
Correct Answer C. ₦1,000,000
D. ₦1,200,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Unilorin 2019 Commerce Question 31. It is one of the objective questions from the 2019 Post Utme Unilorin Commerce examination.

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