Description

AIICO Insurance Past Questions and Answers

Our Exclusive AIICO Insurance Past Questions and Answers study pack  will help you prepare faster for recruitment test into AIICO insurance. The study pack comes with worked questions, answers, and indepth explanations on how to solve the questions.

About AIICO Insurance:

Our Exclusive AIICO Insurance Past Questions and Answers study pack  will help you prepare faster for recruitment test into AIICO insurance. The study pack comes with worked questions, answers, and indepth explanations on how to solve the questions.

AIICO Insurance Past Questions Format

AIICO insurance Aptitude Test basically covers the following areas:

• Quantitative/Numerical Reasoning
• Verbal reasoning and
• Logical Reasoning / General knowledge/Current affairs

Sample Questions and Answers for AIICO Insurance Past Questions and Answers pack

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)

TIMING:

• 50 Questions – 60minutes (on most occassion)

AIICO PLC Test format has not changed in the last 5-years, although questions do change. This study pack will help you prepare faster, and guarantee your success at the test.