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

Question 171:

• JAMB 2014

A trader who experienced loss through fire can be restored by

A. An insurance company
B. A trade association
C. The bank
D. An advertising agency

Question 172:

• JAMB 2014

The distribution of petroleum products in Nigeria is through

A. Rail
B. Road
C. Sea
D. Air

Question 173:

• JAMB 2014

The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is

A. Caveat emptor
B. Uberrimae fidei
C. Demurrage
D. Jettison

Question 174:

• JAMB 2014

A loan to a customer with a cheque account at a bank in which the account is allowed to go into debit is

A. Overdraft
B. Advance
C. Interest
D. Commission

Question 175:

• JAMB 2015

The vessels that operate on specific route on high seas and oceans are

A. Coastal Liners and Cargo Liners
B. Cargo Liners and Tramp liners
C. Passenger liners and Tramp liners
D. Passenger Liners and Cargo Liners