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

Question 201:

• JAMB 2018

One of the major disadvantages of pipeline transportation is its

A. High maintenance cost
B. High cost of construction
C. Limitation in scope
D. Vulnerability to climate changes

Question 202:

• JAMB 2018

One of the principles of insurance is

A. Proximate cause
B. Fidelity guarantee
C. Consequential loss
D. Surrender value

Question 203:

• JAMB 2018

Why will a cheque be dishonored?

A. Regular signature
B. High amount of money written on the cheque
C. Insufficient funds
D. General crossing

Question 204:

• JAMB 2018

What’s the first form an applicant must complete before taking an insurance policy?

A. Cover note
B. Advice note
C. Proposal form
D. Certificate of insurance

Question 205:

• JAMB 2018

Transportation, retailing and wholesaling industries rely heavily on?

A. Banking
B. Insurance
C. Manufacturing
D. Railway