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GCE Commerce 1990 Question 42

Question 42

Insurance

Fidelity guarantee is an insurance cover against loss arising from

  1. A.trade debts
  2. B.personal accidents
  3. C.dishonest staff
  4. D.fire disaster
  5. E.sea disaster
Show the answer and explanation

Answer: C (dishonest staff)

Explanation

Fidelity guarantee insures an employer against fraud or theft by his employees.