O-LevelCommerceInsuranceOct/Nov 2022Paper 1 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?
A$5m
B$25m
C$40m
D$70m
✓ Correct Answer
The correct answer is B. 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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