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

Question 161:

• JAMB 2013

An undertaking given by a person to another assuring his integrity is

A. Proximate cause
B. Fidelity guarantee
C. Subrogation
D. Insurable interest

Question 162:

• JAMB 2013

An importance of warehousing is in the

A. Production of goods
B. Transportation of goods
C. Importation of goods
D. Repackaging of goods

Question 163:

• JAMB 2013

The difference between indemnity insurance and non-indemnity insurance is that the latter provides

A. Cover for exporters against risks
B. Cover for importers against risks
C. Full payment to the insured
D. Consolation payment to the insured

Question 164:

• JAMB 2013

Use the table above to answer this question
If Mr. N takes a fire insurance policy with average clause, his compensation will be

A. N 5000
B. N 7, 500
C. N 70, 000
D. N 75, 000

Question 165:

• JAMB 2014

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

A. Tourism
B. Commerce
C. Agriculture
D. Socio-cultural activities