WAEC Past Questions and Answers - Page 2453

12,261.

The QBASIC statement LETX=Y-3 means

A.

the variables X and Y both receive the value 3

B.

the variable X receives the value3

C.

the variable X receives the value of Y less 3

D.

an error message has occured due to type mismatch

Correct answer is C

No explanation has been provided for this answer.

12,263.

when a policy is cancelled before its expiry date, what is owed to the insured is

A.

earned premium

B.

unearned premium

C.

return premium

D.

unpaid premium

Correct answer is C

return premium. An amount, equal to a fraction of the premium, which is given back to the insured in the case of a cancellation, an adjustment to the rate, or an overpayment of an advance premium

12,264.

The result of the expression 2*6+2/4*2*4^2

A.

21

B.

27

C.

28

D.

29

Correct answer is C

No explanation has been provided for this answer.

12,265.

The body charged with the responsibility to promote and uphold universally accepted standards in insurance business

A.

Nigeria council of registered insurance brokers

B.

chartered insurance institute of Nigeria

C.

National insurers association

D.

Nigeria insurance commission

Correct answer is D

The National Insurance Commission (NAICOM) was established in 1997 by the National Insurance Commission Act 1997 with responsibility for ensuring the effective administration, supervision, regulation and control of insurance business in Nigeria and protection of insurance policyholders, beneficiaries and third parties to insurance contracts.