Jamb Commerce Past Questions and Answers

Question 856:

• JAMB 2009

The central bank differs from commercial banks because it?

A. Renders service to customers
B. Carries out foreign exchange transactions
C. Issues currencies
D. Discount bills

Question 857:

• JAMB 2009

In which of the following will the numbers of words used determine the cost of the message sent?

A. Telephone
B. Telegram
C. E-mail
D. Telex

Question 858:

• JAMB 2009

The transmission of telephone services from one country to another is facilitated by?

A. Communication satelite
B. International facility
C. Interconnectivity
D. Internet services

Question 859:

• JAMB 2009

The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?

A. Contribution
B. Subrogation
C. Promiate cause
D. Utmost good faith

Question 860:

• JAMB 2009

A risk that can be estimated and calculated to be compensation is?

A. A delivery risk
B. An insurable risk
C. A credit risk
D. A systematic risk