O-LevelCommerceInsurance7100/11 · Oct/Nov 2014 · Q291 Mark

Ali Khan has obtained the following information about insuring the factory that he owns. It is valued at $1 m and is located in Area 1. [Figure 29.1] How much would Ali pay each year to insure his factory using Insurance Company T?

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A$400

B$500

C$600

D$800

✓ Correct answer

A: $400

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2014 Paper 1 Variant 1, question 29.

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