Jamb Commerce Past Questions and Answers

Question 496:

• JAMB 2002

Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the?

A. Indemnity
B. Surrender value
C. Lump sum benefit
D. Insurance premium

Question 497:

• JAMB 2002

the machine used for sending telex messages is known as a?

A. Radar
B. Fax machine
C. Dictaphone
D. Teleprinter

Question 498:

• JAMB 2002

Which of these insurance principles requires a close connection between the actual loss suffered and the risk insured?

A. Indemnity
B. Proximate cause
C. Contribution
D. Subrogation

Question 499:

• JAMB 2002

The unit through which result of a processed data are displayed is the?

A. Logic unit
B. Display unit
C. Control unit
D. Output unit

Question 500:

• JAMB 2002

Which of the following is used to inform the addressee that a registered parcel is ready for collection?

A. Express label
B. Counterfoil
C. Telegram
D. Slip