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
22
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
23
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
24
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
25
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
26
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
27
(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
28
The elimination of fault in a computer programme is called?
A
console
B
debug
C
dump
D
loop
29
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
30
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
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