Post Utme Unilorin 2020 Commerce Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2020 Commerce Objective / Multiple Choice
Question 28 POST_UTME_UNILORIN • 2020 • COMMERCE • objective

A bank has two branches, A and B. Branch A has a loan portfolio of ₦500 million, while branch B has a loan portfolio of ₦300 million. If the bank's overall loan loss provision is 5%, what is the expected loan loss for each branch?

Answer Options

Correct Answer A. ₦25 million for branch A and ₦15 million for branch B.
B. ₦15 million for branch A and ₦25 million for branch B.
C. ₦20 million for branch A and ₦20 million for branch B.
D. ₦30 million for branch A and ₦10 million for branch B.
Correct Answer
A
Correct Option:
₦25 million for branch A and ₦15 million for branch B.

About This Question

This is Post Utme Unilorin 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Unilorin Commerce examination.

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