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

Question 206:

• JAMB 2018

A person who undertakes any risk in insurance business is known as ?

A. A broker
B. An underwriter
C. An insurer
D. An actuary

Question 207:

• JAMB 2018

Bank giro is a system where?

A. Commercial banks can give loan to all customers.
B. A central bank opens accounts for commercial banks
C. A customer uses a cheque to pay several bills.
D. A customer closes his account by writing a cheque

Question 208:

• JAMB 2018

The insurance principle that requires full disclosure of information on the insured is known as ?

A. Indemnity
B. Caveat emptor
C. Subrogation
D. Uberrimae Fidel

Question 209:

• JAMB 2018

warehousing is a productive function because it increases the?

A. Quantity of goods
B. Utility of goods
C. Quality of goods
D. Price of goods

Question 210:

• JAMB 2018

communication process involves the transmission of a message over a selected channel to the?

A. Encoder
B. Receiver
C. Audience
D. Sender