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

Question 111:

• JAMB 2007

The major determinant of fire insurance premium is the?

A. Type and structure of the property to be insured
B. Usefulness of the property to the owner
C. Owner of the property to be insured
D. Extent of fire damage anticipated

Question 112:

• JAMB 2007

Which of the following requires payment into the payee's account?

A. Crossed cheque
B. Traveller's cheque
C. Open cheque
D. Certified chegues

Question 113:

• JAMB 2007

The central bank controls the quantity of money in circulation through?

A. Open-market operations
B. Decreasing the tax rate
C. Issuing new currencies
D. Increasing the tax rate

Question 114:

• JAMB 2007

A credit instrument which also serves as a legal tender is?

A. Chegue
B. Paper money
C. Voucher
D. Money order

Question 115:

• JAMB 2008

An aspect of commerce that facilitates the distribution of products is?

A. Transportation
B. Advertising
C. Branding
D. Trading