Jamb Commerce 2023 Past Questions and Answers

Question 61:

• JAMB 2023

The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is

A. Uberrimae fidei
B. Subrogation
C. Contribution
D. Proximate cause

Question 62:

• JAMB 2023

One disadvantages of advertising is that it

A. Could be misleading
B. Decreases sales
C. Reduces profit
D. Causes over stocking

Question 63:

• JAMB 2023

Which of the following attracts only interest but leaves the capital unpaid?

A. A development bond
B. A long term loan
C. An irredeemable bond
D. Redeemable bond

Question 64:

• JAMB 2023

A bill of exchange already accepted can be discounted by the holder in

A. The central bank
B. His bank
C. At least two banks
D. Any bank

Question 65:

• JAMB 2023

The process of converting a non-profit making organisation to a profit-making business is

A. Commercialisation
B. Deregulation
C. Indigenisation
D. Privatisation