2011 - JAMB Commerce Past Questions and Answers - page 3
21
The agreement of insurers to spread risks among themselves is a major feature of?
A
reinsurance
B
life insurance
C
underwriter
D
marine insurance
correct option: a
Users' Answers & Comments22
Inbound tourism occurs when?
A
non-residents of a country travel to other countries
B
resident of a country travel to another country
C
non-resident of a country tyravel within it
D
resident of a country travel within it
correct option: d
Users' Answers & Comments23
One of the major disadvantages of pipeline transportation is its?
A
high cost of construction
B
limitation in scope
C
vulnerability to climate changes
D
high maintainance cost
correct option: a
Users' Answers & Comments24
The business organization that can effectively combine management with control is?
A
private limited liability company
B
sole proprietorship
C
public limited liability company
D
co-operation society
correct option: b
Users' Answers & Comments25
When two or more companies agree to execute a project too large for one to handle, this is referred to as?
A
an amalgamation
B
a cartel
C
a merger
D
a consortium
correct option: d
Users' Answers & Comments26
In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the?
A
directors
B
creditors
C
promoters
D
court
correct option: a
Users' Answers & Comments27
A source of business financing which involves pledging of a specific assets is?
A
bond
B
mortage
C
debentures
D
loan
correct option: b
Users' Answers & Comments28
An example of a trade association is?
A
ALGON
B
NLC
C
NURTW
D
NULGE
correct option: a
Users' Answers & Comments29
A broker is an agent who links a potential investor with?
A
a shareholder who wants to register a company
B
other members of the exchange who want to trade
C
governement official on the exchange
D
a quoted company
correct option: d
Users' Answers & Comments30
Second-tier Securities Market differ from the First-tier Securities Market in that the former is?
A
highly restricted
B
regulated by the SEC
C
regulated by the NIPC
D
less restricted
correct option: a
Users' Answers & Comments