Aids-to-trade - Jamb Commerce Past Questions and Answers

Question 66:

• JAMB 2003

A guarantee given by one person or party to another in which the integrity of the person is assured is?

A. Fidelity
B. Term assurance
C. Subrogation
D. Indemnity

Question 67:

• JAMB 2003

The payment made periodically in respect of an insurance policy entered into is known as?

A. Bond
B. Commission
C. Premium
D. Surrender value

Question 68:

• JAMB 2003

An example of service rendered by NIPOST is?

A. Electronic mail
B. Couier
C. Telephone
D. Mail delivery

Question 69:

• JAMB 2003

The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is?

A. Hull insurance
B. Time insurance
C. Freight insurance
D. Cargo insurance

Question 70:

• JAMB 2003

Communication process involves the transmission of a message over a selected channel to the?

A. Receiver
B. Audience
C. Sender
D. Encoder