SEO MCQ Question Page

Which statement best explains Deductible?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #27558 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 10 Medium

Which statement best explains Deductible?

Correct Answer: C. Amount of a covered loss borne by the insured before insurer payment
Deductible: Amount of a covered loss borne by the insured before insurer payment

Question: Which statement best explains Deductible?

A. Financial or legal relationship giving a person a legitimate interest in preservation of insured subject matter

B. Dominant effective cause used to determine whether a loss falls within policy coverage

C. Amount of a covered loss borne by the insured before insurer payment

D. Duty of parties to disclose material facts relevant to insurance contract

Correct Answer: C. Amount of a covered loss borne by the insured before insurer paymentDeductible: Amount of a covered loss borne by the insured before insurer payment

← Previous Question Next Question →

Which statement best explains Deductible? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: C. Amount of a covered loss borne by the insured before insurer payment