WAEC Past Questions and Answers - Page 489

2,441.

Amos described true religion as

A.

Engaging in sacrifice and burnt offering

B.

Being just and righteous

C.

Singing of praises to God

D.

Engaging in Holy feasts and assemblies

E.

Fasting and praying

Correct answer is B

No explanation has been provided for this answer.

2,442.

With the exception of life assurance and personal accident insurance, contracts of insurance are contracts of?

A.

premium

B.

indemnity

C.

proximate cause

D.

utmost good faith

E.

general average cause

Correct answer is B

No explanation has been provided for this answer.

2,443.

The amount paid by the assured to the insurer is called?

A.

interest

B.

premium

C.

dividend

D.

indemnity

E.

surrender value

Correct answer is B

No explanation has been provided for this answer.

2,444.

The amount paid by the insurance company to the insured upon giving up his policy is called?

A.

Surrender value

B.

cash bonus

C.

assured sum

D.

dividend

E.

premium

Correct answer is A

No explanation has been provided for this answer.

2,445.

Which of the following is not required in a Memorandum of Association? The

A.

name of the company

B.

location of the company

C.

names of the Board of Directors

D.

limitation of member's liability

E.

objectives of the company

Correct answer is C

No explanation has been provided for this answer.