1998 - JAMB Commerce Past Questions and Answers - page 2
11
Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector
A
Only half of the loss suffered
B
double the value of the losses suffered
C
the total sum of the premium paid prior to the loss
D
damage claims equal to the loss suffered.
correct option: d
Users' Answers & Comments12
The most important difference between community banks and peoples’ bank is that the?
A
latter is owned solely by government while the former are not
B
former cater for ruler dwellers while the latter cater for both rural and urban dwellers
C
former are service oriented while the latter are profit oriented
D
latter advances loans to the public while former advance loans to the rural dwellers only.
correct option: a
Users' Answers & Comments13
The assets, liabilities and general management of a distressed bank may be taken over by?
A
International Bank for Reconstruction and development
B
Nigeria Industrial Development Bank
C
Nigeria Banks Deposit Insurance corporation
D
Nigeria Bank for Commerce and Industry
correct option: c
Users' Answers & Comments14
The type of securities that the stock exchange deals with are
A
warrants, currency notes, money orders and postal orders
B
cheques, bankdrafts , warrants and promissory notes
C
bonds ivory, treasure bills, debentures and warrants
D
stocks, shares, bonds and warrants.
correct option: d
Users' Answers & Comments15
(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?
A
i and ii only.
B
i and iii only
C
i, ii and iii only
D
ii and iii only.
correct option: d
Users' Answers & Comments16
An underlined principle in the marketing of goods is that firms should
A
Train their personnel
B
be consumers oriented
C
advertise the goods
D
sell through outlets
correct option: b
Users' Answers & Comments17
Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?
A
market skimming
B
market penetration
C
product live promotion
D
above the market pricing
correct option: a
Users' Answers & Comments18
The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is
A
branding of goods
B
personal selling
C
packaging
D
publicity
correct option: b
Users' Answers & Comments19
Personnel activities that promote the general image of an organization are part of
A
advertising
B
sales promotion
C
public relations
D
business correspondence
correct option: c
Users' Answers & Comments20
An agent must not make any secret profit in the performance of his duties but can be rewarded by his principal through
A
remuneration and indemnity
B
payments of commision and salary
C
granting of business concessions
D
forwarding of business links
correct option: b
Users' Answers & Comments