WAEC Past Questions and Answers - Page 2536

12,676.

A Collection of software that allows the computer to operate is called? 

A.

general-purpose software

B.

utility software

C.

operating system

D.

specific software

Correct answer is C

No explanation has been provided for this answer.

12,677.

full return of premium paid for a contract of insurance is applicable in a situation involving?

A.

double insurance

B.

reduction of cover

C.

absence of agreement

D.

financial distress

Correct answer is A

double insurance: Situation in which the same risk is insured by two overlapping but independent insurance policies. When an individual has double insurance, he or she has coverage by two different insurance companies upon the identical interest in the identical subject matter.

The general rule is that in the event of double insurance, if a loss is caused by the risk insured against, subject to the terms of each insurance policy, the insured may recover the full amount of his loss from whichever insurer or insurers he chooses.

12,678.

The set of instructions written by computer experts to solve specific task of the user is called?

A.

operating system

B.

application software

C.

system software

D.

utility software

Correct answer is B

No explanation has been provided for this answer.

12,679.

The scanner and the floppy disk are? 

A.

both input devices

B.

both output devices

C.

input and output devices respectively

D.

input and storage devices respectively

Correct answer is D

No explanation has been provided for this answer.

12,680.

The financial interest of the insured in an insurance policy is the

A.

subject matter of insurance

B.

subject matter of the contract

C.

assignment of the contract

D.

deed of the contract

Correct answer is C

An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignorwants the assignee to step into his shoes and assume all of his contractual obligations and rights.