Construction activities include the building of houses and roads as well as
brick laying
shoe making
black smithing
car assembling
Correct answer is A
No explanation has been provided for this answer.
In which of the following sets of occupations can an industrial worker be found?
extraction commerce and construction
manufacturing extraction and banking
construction, quarrying and insurance
manufacturing , extraction and construction
Correct answer is D
No explanation has been provided for this answer.
The development of commercial activities in Nigeria was facilitated largely by
a good transport system
the indigenization decree
a convenient medium of exchange
a high level of production
Correct answer is C
No explanation has been provided for this answer.
N24.65 million
N17.00million
N9.35 million
N7.65million
Correct answer is C
No explanation has been provided for this answer.
N15,000
N20,000
N12,000
N25,000
Correct answer is C
Since the policy is with average clause the formula used in calculating his compensation is
\(\frac{\text{Amount insured x total actual loss}} {\text{Total actual value of property}}\)
By this formula the compensation will be
Amount insured = N30,000
Amount loss = N40,000
Actual Value = N100,000
=\(\frac{30,000 \times 40, 000}{100,000}\)
= \(\frac{1200000000}{100,000}\) = 12,000
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