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

Question 196:

• JAMB 2018

Which of the following functions is not performed by warehousing?

A. Stabilization of price
B. Production ahead of demand
C. Creating scarcity of goods
D. Storage of goods

Question 197:

• JAMB 2018

One of the disadvantages of rail transport is

A. It is not flexible
B. It carries bulky goods
C. It works at intervals
D. Cost of transportation is high

Question 198:

• JAMB 2018

The Central Bank Monetary policy instrument by which it buys and sells securities is called

A. Bank rate
B. Cash reserve ratio
C. Open market operation
D. Bank credit

Question 199:

• JAMB 2018

Which is the fastest means of transportation?

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

Question 200:

• JAMB 2018

The two main categories under which marine losses fall into are

A. Total loss and partial loss
B. Voyage policy loss and time policy loss
C. Particular loss and average loss
D. Actual loss and general loss