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

Question 226:

• JAMB 2021

NAME	INSUREDAMOUNT(₦)	ACTUALVALUE(₦)	ACTUALLOSS(₦)
Mr. PMr. KMr. R	25,00030,00040,000	100,000120,000150,000	30,00040,00050,000

What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?

A. Insurable interest
B. Uberrimae fidei
C. Subrogation
D. Indemnity

Question 227:

• JAMB 2021

The best mode of ensuring that items posted get to the named addresses is through ____________

A. Recorded delivery
B. Certificate of posting
C. Registered mail
D. Express mail

Question 228:

• JAMB 2021

Inbound tourism occurs when ____________

A. Residents of a country travel within it
B. Non-residents of a country travel to other countries
C. Residents of a country travel to other countries
D. Non-residents of a country travel within it

Question 229:

• JAMB 2021

The major determinant of fire insurance premium is the ____________

A. Usefulness of the property to the owner
B. Type and structure of the property to be insured
C. Owner of the property to be insured
D. Extent of fire damage anticipated

Question 230:

• JAMB 2021

The transmission of the telephone services from one country to another is facilitated by

A. International facility
B. Internet services
C. Interconnectivity
D. Communication satellite