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?

Q: What is the correct answer to this O-Level Commerce question?

The correct answer is B: $12000.

Q: What topic does this question test?

This question tests Insurance in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

A$9000

B$12000

C$15000

D$18750

✓ Correct Answer

The correct answer is B: $12000

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Commerce Question

Topic

This multiple-choice question tests Insurance in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce Oct/Nov 2013 examination, Paper 1 Variant 1.

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