Utme 2021 Commerce Question 33

Practice objective / multiple choice question 33 from the 2021 Utme Commerce examination. This question covers Insurance .

Utme 2021 Commerce Objective / Multiple Choice 2 Difficulty
Topic: Insurance
Question 33 UTME • 2021 • COMMERCE • objective

The payment made periodically in respect of an insurance policy entered into is known as

Answer Options

A. surrender
B. bond
Correct Answer C. premium
D. commission
Correct Answer
C
Correct Option:
premium

About This Question

This is Utme 2021 Commerce Question 33. It is one of the objective questions from the 2021 Utme Commerce examination.

The question covers Insurance .

Difficulty level: 2 .

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