Jamb Commerce 1997 Past Questions and Answers

Question 6:

• JAMB 1997

The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?

A. Pipe line
B. Air
C. Rail
D. Road

Question 7:

• JAMB 1997

The person who undertakes any risk in insurance business is known as

A. A broker
B. An underwriter
C. An insurer
D. An actuary

Question 8:

• JAMB 1997

The main purpose of insurance is to

A. Encourage business to surviveand grow
B. Ensures that facilities are available for operators
C. Accepts risk s and extend credit to policy holders
D. Spread individual losses ove all covered participants

Question 9:

• JAMB 1997

The object of the business are determined by the

A. Workers
B. Government
C. Society
D. Promoters

Question 10:

• JAMB 1997

Partnership are most suitable where

A. The partners are family friends
B. Professionals are involved
C. Members can easily rasie enough capital
D. Government regulations are favourable