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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1346
Which of the following is not true of insurance?
  • A. A large number of people face the same risk
  • B. Possibility of making a profit out of an event
  • C. only a small number will actually suffer the loss in any one year
  • D. A large making makes a small contribution to common pool
  • E. Possibility of assessing the frequency of occurrence of the event
View Answer & Discuss WAEC 1995
1347
Which of the following policies qualifies the holder to income to income tax relief?
  • A. Accident insurance
  • B. Public liability insurance
  • C. Comprehensive insurance
  • D. Endowment assurance
  • E. Fidelity guarantee insurance
View Answer & Discuss WAEC 1995
1348
Which of the following is not a feature of good banking security? The
  • A. asset must be easily converted into cash
  • B. value of the asset must be easily ascertained
  • C. ownership of the asset must be in doubt
  • D. value of the asset should be stable
  • E. value of the asset must less than the amount loaned
View Answer & Discuss WAEC 1995
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1349
Selling a bill in less than the face of the value for immediate cash before the due date is to?
  • A. retire the bill
  • B. honour the bill
  • C. discount the bill
  • D. protest the bill
  • E. withdraw the bill
View Answer & Discuss WAEC 1995
1350
Which of the following is a non- indemnity insurance?
  • A. Marine
  • B. Life
  • C. Fire
  • D. Bad debts
  • E. Burglary
View Answer & Discuss WAEC 1995
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now