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

Question 96:

• JAMB 2005

One advantage of a crossed cheque is that it can?

A. Only be paud into a savings account
B. Be cashed over the bank's counter
C. Only be paid into the owner's account
D. Be cashed by anyone

Question 97:

• JAMB 2006

Tourism can be classified as?

A. Intangible import
B. Visible export
C. Intangible export
D. Invisible export

Question 98:

• JAMB 2006

Tourism can be classified as?

A. Intangible import
B. Visible export
C. Intangible export
D. Invisible export

Question 99:

• JAMB 2006

An employer insures against his employees' dishonesty by taking up?

A. Fidelity guarantee insurance
B. Accident insurance
C. Group life assurance
D. Endowment policy

Question 100:

• JAMB 2006

Payment made to the insured by the insurer outside its legal obligation is?

A. Premium paid
B. Ex gratia payment
C. Surrender value
D. Sum assured