1999 - JAMB Commerce Past Questions and Answers - page 3
21
The overriding advantage of home trade over foreign trade is
A
accessibility of seller to buyer
B
absence of many documents
C
ease in language of transaction
D
ease in form of payment
correct option: a
Users' Answers & Comments22
A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages
A
caused by the insured vehicle
B
to the insured vehicle
C
cause by the other vehicle
D
to the driver of insured vehicle
correct option: a
Users' Answers & Comments23
The rate at which a central bank discount first class bills is called the
A
fixed rate
B
bill rate
C
bank rate
D
interest rate
correct option: c
Users' Answers & Comments24
The principle of subrogation states that
A
an insured person should be indemnifed to the tune of the amount insured
B
an insurance company can stand in place of the insured in dealing with third party
C
oly a person who is likely to sufferrd loss should take take out an insurance cover
D
ther must be a close connection between the actual loss suffered and risk insured
correct option: b
Users' Answers & Comments25
Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.
A
a manufacturer's warehouse
B
a bonded warehouse
C
an importer's warehouse
D
a wholesaler's warehouse
correct option: b
Users' Answers & Comments26
The three major function unit which the modern computer has are
A
the input the processor and the output units
B
the black box, output and input units
C
BASIC, COBOL and output uits
D
BASIC, the processor and PASCAL
correct option: a
Users' Answers & Comments27
(i)Foreign investment (ii)Long term lending (iii) Short-term borrowing. Which combination of the above include capital account in international trade?
A
i, iii, and iv
B
ii, iii and iv
C
ii and iv
D
i and ii
correct option: d
Users' Answers & Comments28
The elimination of fault in a computer programme is called?
A
console
B
debug
C
dump
D
loop
correct option: b
Users' Answers & Comments29
Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu
A
is entitled always to a cumulative dividends accruing from the shares
B
is entitled to the next dividends due to the shares
C
will not be entitled to the next dividends due to the shares
D
still owes N3 on the shares which will be subtracted from the dividends
correct option: b
Users' Answers & Comments30
The forum for the selling and of buying of securities of small and medium companies is called
A
Second Tier Foreign Exchange Market
B
Foreign Exchange Market
C
Securities and Exchange Commission
D
Second Tier Securities
correct option: a
Users' Answers & Comments