2009 - JAMB Commerce Past Questions and Answers - page 2
11
The term free on board means that the price includes?
A
costs and insurance only
B
costs and freight only
C
freight and insurance only
D
costs, insurance and freight
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12
If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?
A
N56 250
B
N43 750
C
N43 250
D
N6250
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13
A cheque which a bank draws on its own funds is a?
A
bankdraft
B
cashier's cheque
C
bank cheque
D
crossed cheque
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14
Billboards and posters are forms of?
A
electronic media
B
print media
C
outdoor media
D
window display media
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15
A collective term for advertising, personal selling and publicity is?
A
exhibition
B
promotion
C
trade fair
D
merchandizing
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16
One of the facilities enjoyed by a current account holder is?
A
a dividend
B
a bonus
C
an overdraft
D
interest on deposits
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17
The central bank differs from commercial banks because it?
A
renders service to customers
B
carries out foreign exchange transactions
C
issues currencies
D
discount bills
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18
In which of the following will the numbers of words used determine the cost of the message sent?
A
Telephone
B
Telegram
C
E-mail
D
Telex
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19
The transmission of telephone services from one country to another is facilitated by?
A
communication satelite
B
international facility
C
interconnectivity
D
internet services
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20
The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?
A
contribution
B
subrogation
C
promiate cause
D
utmost good faith
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