WAEC Past Questions and Answers - Page 2457

12,281.

The logic equation for the logic gate in the figure above is?

A.

Z=A+B

B.

Z=A.B

C.

Z= A+B

D.

Z=A.B.C

Correct answer is B

No explanation has been provided for this answer.

12,282.

The insurance cover a businessman who buys goods from lagos and wants to transport it to kano would require is

A.

marine insurance

B.

business interruption insurance

C.

theft insurance

D.

goods in transit insurance

Correct answer is D

Goods in Transit policy (GIT) covers the goods of the insured against fire, theft or accidental damage while thegoods are being loaded or unloaded, as well as, while the goods are in transit or whilst temporarily housed within the general course of transit.

12,283.

use the diagram above to answer questions below

The logic gate in the diagram above is called a

A.

AND gate

B.

NAND gate

C.

NOR gate

D.

OR gate

Correct answer is D

No explanation has been provided for this answer.

12,284.

The first insurance company to establish its branch office in Nigeria is

A.

Norwich insurance company

B.

Royal exchange assurance

C.

Yorkshire insurance company

D.

phoenix of Nigeria assurance company

Correct answer is B

The Company started operations in Nigeria represented by Barclays Bank DCO in 1918. A branch of the then parent Company, Royal Exchange Assurance, London, (REA...), was then established in Lagos on February 28, 1921. REA was originally founded in 1720 and was one of the first two insurance companies to receive legal status by Royal Charter.

12,285.

The policy which covers either death or disability resulting from an injury is

A.

personal accident insurance

B.

fidelity guaranteed

C.

sickness insurance

D.

motor insurance

Correct answer is A

Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical & healthinsurance.