O-LevelCommerceInsuranceOct/Nov 2014Paper 1 Q311 Mark
The following figures were taken from the books of an insurance company in 2013. $m administrative costs 2 average size of the premium pool 7 claims by policy holders 5 investment income 15 premiums received 10 What was the profit made in 2013?
A$2m
B$5m
C$10m
D$18m
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of insurance within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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