Jamb Commerce 2012 Past Questions and Answers

Question 16:

• JAMB 2012

A current account holder pays fees for services in form of

A. Bank charges
B. Interest rates
C. Commission on turnover
D. Minimum lending rate

Question 17:

• JAMB 2012

Printed messages sent by cable are recorded as

A. Telegram
B. SMS
C. Telex
D. MMS

Question 18:

• JAMB 2012

Communication is relevant to business activities because it

A. Creates wealth for people
B. Reduces the cost and risk of travelling
C. Connects people
D. Enhances delivery of goods and servicess

Question 19:

• JAMB 2012

The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of

A. Proximate cause
B. Insurable interest
C. Insurance priority
D. Subrogation

Question 20:

• JAMB 2012

Assurance is different from insurance in that the former is based on

A. Probability
B. Possibility
C. Risk
D. Uncertainty