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

Question 21:

• JAMB 1994

The postal organization which preceded the Nigerian Postal Service is

A. Post and Telecommunication
B. Post and Telephone
C. Post and Teleprinter
D. Post and Telegraph

Question 22:

• JAMB 1994

Goods discharged from ships on which import duties have not been paid are kept in the

A. Ordinary warehouse
B. Public warehouse
C. Private warehouse
D. Bonded warehouse

Question 23:

• JAMB 1994

A sole proprietor insured his goods worth N200,000 for half the value. There was a fire accident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is

A. N40,000
B. N80,000
C. N100,000
D. N200,000

Question 24:

• JAMB 1994

Drawing two parallel lines across a cheque means that it has to be paid into the account of the

A. Payee
B. Drawer
C. Drawee
D. Payer

Question 25:

• JAMB 1995

The main advantage of road transport is that it is

A. Convenient and flexible
B. Cheap and direct
C. Common and fast
D. Safe and available