PWC Past Questions And Answers


Study the chart and answer the questions below it.


16)

The total number of £400,000 Apline houses sold in 2009 represented 80% of the annual sales target. If this target was split equally across 5 salerooms, what was the individual sales target for each salesroom?

 

Correct answer: C

Explanation
Total £400,000 house sales = 230 + 270 = 500 houses 500 = 2009 target (5 salesrooms) x 80% / 100
2009 target (5 salesrooms) = 500/0.8 = 625 2009 target per salesroom = 625/5
= 125

Study the chart and answer the questions below it.


17)

Last year there were 630 claims made in the USA against policies written out in the Agriculture & Fishing sector. How many policies were issued that year for that sector?
 

 

Correct answer: B

Explanation
We consider the Agriculture & Fishing sector in the USA. We calculate the number of policies issued 
that year using the fact that 21 claims were made per 100,000 policies sold. This number of 
policies sold for 630 claims to be made is
Number of policies sold = (630/21) x 100,000
= 3,000,000
18)

There are on average 6 times as many claims made per annum in the USA compared to Europe in the Transport & Distribution sector. How many more policies are issued in the US compared to Europe in this sector?

 

Correct answer: D

Explanation
We consider the Transport & Distribution sector. If we assume only 15 claims have been made in 
Europe for this sector for the year, we can fix the number of policies sold in Europe to 100,000.
On average 6 times as many claims are made per annum in the USA compared to Europe which amounts to 
90 claims (6 x 15).
From this we know that the number of policies sold in the USA is Number of policies sold = (90/18) 
x 100,000
= 500,000

From this we know that 5.0 times more policies were sold in the USA compared to Europe.
Correct answer is 5.0 times more.
19)

Comparing the USA with Europe, which business sector has the most similar number of claims on a proportional basis?

 

Correct answer: A

Explanation
We consider the proportional difference between claims per 100,000 for USA and Europe, for each 
industry:
Proportional difference = (claims USA - claims Europe)/(claims USA + claims Europe) Construction - 
Proportional difference = 0.06
Hotels & Restaurants - Proportional difference = 0.14 Transport & Distribution - Proportional 
difference = 0.09 Manufacturing - Proportional difference = 0.07 Agriculture & Fishing - 
Proportional difference = 0.11 Other - Proportional difference = 0.29
From this, we can see that Construction has the most similar number of claims
20)

Assuming there were 1,250,000 insurance policies issued annually in Europe to cover the
Manufacturing sector, how many claims would be expected per year?
 

 

Correct answer: A

Explanation
Considering cover for the Manufacturing sector, we know that 20 claims are made in Europe per 
100,000 policies. We calculate the number of 100,000 policies in 1,250,000 policies and multiply by 
the number of claims per year.
Number of expected claims = (1,250,000/100,000) 20
= 250

Similar CBTs


Popular CBTs