Jamb Commerce Past Questions and Answers

Question 631:

• JAMB 2004

Goods are of merchantable quality if they?

A. Conform to description
B. Are of equal weight
C. Are of the same quality
D. Conform to buyers' purpose

Question 632:

• JAMB 2004

Use the diagram above to answer the question
As the branches indicate, IV is

A. Commerce
B. Exchange
C. Finance
D. Construction

Question 633:

• JAMB 2005

A floating policy is an example of?

A. Marine insurance
B. Actuaries insurance
C. Motor insurance
D. Fire insurance

Question 634:

• JAMB 2005

A floating policy is an example of?

A. Marine insurance
B. Actuaries insurance
C. Motor insurance
D. Fire insurance

Question 635:

• JAMB 2005

The most important benefit of insurance is that it provides?

A. Control over activities
B. The insured with a right to premium
C. The insured with a right to full compensation
D. Protection against risks