Jamb Commerce Past Questions and Answers

Question 956:

• JAMB 2011

A cheque that has been drawn but not presented for payment can still be honored?

A. Within 6 months
B. After 9 months
C. Within 9 months
D. After 6 months

Question 957:

• JAMB 2011

The major source of income to commercial banks is?

A. Tourism
B. Banking
C. Communication
D. Transportation

Question 958:

• JAMB 2011

Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. this implies that?

A. The loss should be borne by the insurer
B. Mr. Lawal is liable only for half of the estimated loss
C. The insurer should make a consolation payment for the loss
D. The loss should be borne by Mr. Lawal

Question 959:

• JAMB 2011

The agreement of insurers to spread risks among themselves is a major feature of?

A. Reinsurance
B. Life insurance
C. Underwriter
D. Marine insurance

Question 960:

• JAMB 2011

Inbound tourism occurs when?

A. Non-residents of a country travel to other countries
B. Resident of a country travel to another country
C. Non-resident of a country travel within it
D. Resident of a country travel within it