O-LevelCommerceInsurance7100/12 · Oct/Nov 2022 · Q291 Mark

The table provides information about an insurance company. [Figure 29.1, a table with columns '$m' and rows 'administration costs 10', 'claims by policy holders 50', 'interest on investments 5', 'premiums received 80']. How much is the profit of the insurance company?

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A$5m

B$25m

C$40m

D$70m

✓ Correct answer

B: $25m

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2022 Paper 1 Variant 2, question 29.

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