2005 - JAMB Commerce Past Questions & Answers - page 1

1
A floating policy is an example of?
A
marine insurance
B
actuaries insurance
C
motor insurance
D
fire insurance
CORRECT OPTION: b
2
The most important benefit of insurance is that it provides?
A
control over activities
B
the insured with a right to premium
C
the insured with a right to full compensation
D
protection against risks
CORRECT OPTION: d
3
Which part of the computer system does the keyboard device belong to?
A
Output unit
B
Logic unit
C
Input unit
D
Control unit
CORRECT OPTION: c
4
The Lake Chad Basin Commission was formed in?
A
1974
B
1984
C
1954
D
1964
CORRECT OPTION: d
5
A major disadvantage of the privatization policy is that?
A
the economy would be private-sector-led
B
citizens would benefit less from government
C
more money would be bought into circulation
D
government would loss control of the economy
CORRECT OPTION: d
6
The most important right of the employee in discharging his duties to the employer is the right to?
A
regular emolument
B
job security
C
working facilities
D
annual leave
CORRECT OPTION: b
7
The most dangerous pollution is?
A
water
B
noise pollution
C
soil pollution
D
air pollution
CORRECT OPTION: d
8
The primary objective of consumer protection laws is to ensure that?
A
consumers derive maximum satisfaction from goods and services
B
consumers buy goods and services at cheap rates
C
manufacturers of goods and services provides overcome internal competition
D
manufacturers of goods and services provides gets optimum profit
CORRECT OPTION: a
9
The compensation the insured gets depends heavily on the?
A
economic situation
B
premium paid
C
risk suffered
D
insurer's bouyancy
CORRECT OPTION: b
10
The computer that functions by taking discrete numbers and performing mathematical calculations is called?
A
mainframe
B
digital
C
hybride
D
analogue
CORRECT OPTION: c
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