O-LevelCommerceInsuranceOct/Nov 2023Paper 1 Q311 Mark
Javed insured his shop for $120000. In the following year the market value of the shop increased by $12000. Javed has not told the insurance company about this increase. If the shop is completely destroyed by fire, what is the maximum amount that the insurance company will pay out?
A$12000
B$108000
C$120000
D$132000
✓ Correct Answer
The correct answer is C. 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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