Jamb Commerce 2022 Past Questions and Answers

Question 6:

• JAMB 2022

The share value stated on a share certificate is

A. Above par value
B. Below par value
C. Market value
D. Nominal value

Question 7:

• JAMB 2022

The bank which acts as the lender of last resort is the

A. Central bank
B. Commercial bank
C. Merchant bank
D. Mortegage bank

Question 8:

• JAMB 2022

An insurance policy which is not a contract of indemnity is

A. Burglary insurance
B. Fire insurance
C. Life insurance
D. Motor insurance

Question 9:

• JAMB 2022

When a company insures the lives of all its employees collectively, the policy is

A. Accident insurance
B. Fleet insurance
C. Fidelity guarantee insurance
D. Group insurance

Question 10:

• JAMB 2022

A cheque that could be cashed over the counter by the payee is

A. Certified cheque
B. Crossed cheque
C. Open cheque
D. Bank draft