◈ Oracle PrepSign Up Free
O-LevelCommerceInsurance7100/12 · Oct/Nov 2015 · Q321 Mark

A retailer's stock is worth $60000. He insures it for $40000. Goods to the value of $45000 are stolen. How much should the insurance company pay him?

A$30000
B$40000
C$45000
D$60000

✓ Correct answer

A: $30000

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Insurance and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2015 Paper 1 Variant 2, question 32.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Commerce questions

InsuranceMay/June 20151m

What does consequential loss insurance cover?

InsuranceMay/June 201520m

Comidex International Ltd is seeking insurance for its motor racing team.

InsuranceMay/June 20161m

Which type of personal insurance policy has a surrender value if the policyholder decides to stop paying the premiums?

AdvertisingMay/June 201520m

Drools Ltd manufactures and packages chocolates. The company sells to many different customers.

Global tradeMay/June 201520m

Countries, such as Japan, import and export visible and invisible items.

Wholesale tradeMay/June 201520m

Salima imports computers and sells them in bulk to many different kinds of retailers.

← Browse all past-paper questions

© 2026 Oracle Prep