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# AIICO Insurance Past Questions and Answers pack- 2023 PDF Download

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### AIICO Insurance Past Questions and Answers

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### AIICO Insurance Past Questions Format

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2023 updated past questions & answers for **AIICO INSURANCE **Aptitude Test. To be moved on to the interview stages of AIICO recruitment, candidates are required to pass the aptitude tests. Here’s a collection of official AIICO PLC past questions pack (2016, 2017, 2018 and 2019) to guide your preparation and help you master typically repeated test questions from previous exams. Next AIICO Insurance Aptitude Test happening soon!

This resource is 100% quality checked!

Categories: Aptitude Tests, Job Tests
Tags: AIICO Insurance, AIICO Insurance Past Questions

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.

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 Aptitude Test basically covers the following areas:

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

**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.**

REQUIRED DISCLAIMER

Teststreams is a global focused test-prep company. Information on our study packs are based on our in-depth research, feedback from previous test candidates and sometimes from official/privileged test resources made available by examination bodies and testing agencies.

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