Post Utme Uniport 2020 Commerce Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Uniport Commerce examination.

Post Utme Uniport 2020 Commerce Objective / Multiple Choice
Question 5 POST_UTME_UNIPORT • 2020 • COMMERCE • objective

A person has a life insurance policy with a premium of ₦10,000 per year. If the person dies, the insurance company will pay ₦500,000 to the beneficiary. What is the person's expected loss if they die?

Answer Options

Correct Answer A. ₦490,000
B. ₦490,000
C. ₦490,000
D. ₦490,000
Correct Answer
A
Correct Option:
₦490,000

About This Question

This is Post Utme Uniport 2020 Commerce Question 5. It is one of the objective questions from the 2020 Post Utme Uniport Commerce examination.

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