2002 - JAMB Commerce Past Questions and Answers - page 3
21
The temporary insurance certificate issued to the insured before drawing up a policy is a?
A
cover note
B
testimonial
C
time policy
D
proposal form
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22
The bulls and bears in the Stock Exchange market help to minimize
A
the number of shares and bonds sold
B
price increases of securities
C
fluctuations in the prices os securities
D
the elasticity of the prices of securities
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23
Debentures differ from shares in that
A
they are secured on the company's assets
B
ownership is open to the public
C
they form part of the capital of the business
D
rewards are usually paid out of profits
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24
The Stock Exchange is a market where?
A
long-term securities are sold
B
all types of securities are sold
C
short-term securities are sold
D
medium-term securities are sold
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25
A retail cooperative society aims at?
A
hoarding manufactured goods
B
cutting off the profit of the middlemen
C
lending money to members at a low interest rates
D
encouraging members to save money
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26
A bill of exchange already accepted can be discounted by the holder in?
A
the central bank
B
at least two banks
C
his bank
D
any bank
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27
The document issued by the seller which gives detail of the goods he sells is known as?
A
catalogue
B
tender
C
price list
D
invoice
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28
Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.
Which of the above is aid to trade?
Which of the above is aid to trade?
A
i, ii, iii and Viii
B
iii, V, Vi and Viii
C
i, ii, iii and Vi
D
ii, V,Vi, and Vii
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29
The organizational structure that relates the positions of specialist to the line mangers is called?
A
line structure
B
staff structure
C
line and staff structure
D
functional structure
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30
A wholesaler who possesses the title of goods he sells is known as?
A
a merchant wholesaler
B
a multiple wholesaler
C
a general wholesaler
D
an agent wholesaler
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