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

Question 166:

• JAMB 2014

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

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

Question 167:

• JAMB 2014

Tourists with no fixed address in a town may receive their letters from post office through a

A. Poste restante
B. Parcel post
C. Private mail bag
D. Recorded delivery

Question 168:

• JAMB 2014

Endowment policy in insurance business is an aspect of

A. Accident insurance policy
B. Fidelity guarantee insurance policy
C. Motor vehicle insurance policy
D. Life assurance policy

Question 169:

• JAMB 2014

The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is

A. Subrogation
B. Proximate cause
C. Uberrimae fidei
D. Contribution

Question 170:

• JAMB 2014

The insurance principle that allows an insurance company to take over the rights of the insured once he has been compensated is

A. Indemnity
B. Proximate cause
C. Utmost good faith
D. Subrogation