O-LevelCommerceInsuranceMay/June 2018Paper 1 Q291 Mark
The value of Mr Omo's house is $150000. The contents are valued at $40000 for which ABC Insurance has quoted him a price of $50 per $10000 of value. How much will Mr Omo's contents insurance premium be?
A$50
B$200
C$750
D$950
✓ 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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