Post Utme Uniosun 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2024 Commerce Objective / Multiple Choice
Question 9 POST_UTME_UNIOSUN • 2024 • COMMERCE • objective

A company purchases a liability insurance policy with a premium of ₦100,000. The policy covers a maximum liability of ₦500,000. What is the excess amount?

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Uniosun 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Uniosun Commerce examination.

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