AIICO Insurance Past Questions and Answers pack

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AIICO Insurance Past Questions (Updated)

The latest questions update included on our AIICO Insurance Past Questions and Answers pack comprises 2 broad-based questions, viz: Section 1 – 60 minutes.

Quantitative
Verbal/comprehension

Section 2 – 60minutes

Numerical reasoning
Verbal reasoning

AAIICO Insurance Past Questions Stages

The recruitment process involves 3 stages.

Stage 1: An online test that will take about 120 minutes to complete.

The goal of this exam is to whittle down the number of applicants and select only a few successful candidates from the pool. Regardless of your experience and confidence level, you should try to pass the online assessments to even stand a chance.

Stage 2: A physical performance verification exam at a designated test center.

Stage 3 is the assessment day. This is the final stage where you’ll face an interview panel, take on group exercises, and case presentations.

Sample AIICO Insurance Past Questions and Answers pack (Randomly drawn from 2005- 2023 questions pack.)

Can you ace these AIICO Insurance Past Questions and Answers pack? Start honing your skills with some past questions practice and get a preview of what you can expect on test day.

NUMERICAL REASONING

1. In how many ways can a delegation of 3 be chosen from among 5 men and 3 women, if at least one man and at least one woman must be included?
A. 15
B. 28
C. 30
D. 45
Answer: D
Explanation
No of ways of choosing 1 man, 2 women = 5C1 x 3C2
No of ways of choosing 2 men, 1 woman = 5C2 x 3C1
Summing, => (5C1 x 3C2) + (5C2 x 3C1) = 15 + 30 = 45

2. Evaluate 21.05347 – 1.6324 x 0.43 to 3 decimal places
A. 20.980
B. 20.351
C. 20.981
D. 20.352
Answer: D
Explanation
Hint: Use BODMAS, in other words, do multiplication of the second and the last first before subtracting value obtained from the first.

3. A car dealer bought a second-hand car for N250,000 and spent N70,000 refurbishing it. He then sold the car for N400,000. What is the percentage gain?
A. 60%
B. 32%
C. 25%
D. 20%
Answer: C
Explanation
Total cost = N(250,000 + 70,000) = N320,000
Selling price = N400,000 (given)
Gain = SP – CP = N(400,000 – 320,000) = N80,000
Gain % = gain/CP x 100 = (80,000/320,000) x 100
Gain % = 25%

4. Find the principal which amounts to N5,500 at a simple interest in 5 years at 2% per annum.
A. N4,900
B. N5,000
C. N4,700
D. N4,800
Answer: B
Explanation
Principal, P = Amount, A – Interest, I.
A = P + I
I = (P.T.R)/100 = (P x 5 x 2)/100 = 10P/100 = P/10
But A = P + I,
=> 5500 = P + (P/10)
=> 55000 = 10P + P
=> 55000 = 11P
Thus P = 55000/11 = N5,000

5. Find the integral values of x and y satisfying the inequality 3y + 5x ≤ 15, given that y > 0, y < 3 and x > 0.
A. (1,1), (1,2), (1,3)
B. (1,1), (2,1), (1,3)
C. (1,1), (3,1), (2,2)
D. (1,1), (1,2), (2,1)
Answer: D
Explanation
Hint: Sketch the inequality graph for the 3 conditions given and read out your points from the co-ordinates.

VERBAL REASONING

1. They spent the evening ______ through forty years of accumulated junk.
(A) sulking
(B) sifting
(C) combine
(D) screening
Answer (B)

2. The factory was in a _____ conditions and needed restoration work before anything could be initiated.
(A) depreciated
(B) inundated
(C) deterioration
(D) dilapidated
Answer: (D)

3: It was __________ earthquake.
a) a
b) an
c) the
d) None
Answer: b)

4: She will be ____________ doctor.
a) a
b) an
c) the
d) None of these
Answer:: a)

5: Which of the following sentence is correct:
a) Such a long queues!
b) Such the long queues!
c) Such long queues!
d) Such a longs queues!
Answer: c)

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