O-LevelCommerceInsuranceOct/Nov 2013Paper 1 Q321 Mark
Tariq's new sports car is worth $30000 but he has insured it for $24000. Yesterday the car was involved in an accident and will cost $15000 to repair. If Tariq claims on his policy, what is the maximum amount that the insurance company is likely to pay out?
A$9000
B$12000
C$15000
D$18750
✓ 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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