2024 - JAMB Commerce Past Questions and Answers - page 7

61

One of the following does NOT fit into the group.

A
agriculture
B
carpentry
C
fishing
D
mining
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62

The Nigeria Enterprises promotion Decree brought about policy

A
nationalization
B
industrialization
C
indigenization
D
privatization
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63

The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of

A
constructive total loss
B
an actual total loss
C
a general average loss
D
a partial loss
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64

The components of a balance of payments account are

A
capital, current and fixed deposit
B
current, capital and monetary movement
C
capital, savings and fixed deposit
D
current, savings and monetary movement
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65

The sum which the insured pays periodically to his insurance company is called

A
a commission
B
an indemnity
C
a policy
D
a premium
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66

Bonded warehouse is controlled and supervised by

A
customs
B
navy
C
immigration
D
police
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67

The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

A
nationalisation
B
indigenity
C
commercialization
D
industrialization
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68

A typical example of an event covered by an Assurance Policy is

A
accident
B
death
C
burglary
D
fire
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69

The first Nigerian enterprises promotion decree was promulgated in

A
1972
B
1973
C
1974
D
1977
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70

The association that encourages savings for the benefit of its members is known as

A
Consumer association
B
Credit and thrift co-operative society
C
Consumer co-operative society
D
Producer co-operative society
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