Jamb Commerce Past Questions and Answers

Question 356:

• JAMB 1999

The principle of subrogation states that

A. An insured person should be indemnifed to the tune of the amount insured
B. An insurance company can stand in place of the insured in dealing with third party
C. Oly a person who is likely to sufferrd loss should take take out an insurance cover
D. Ther must be a close connection between the actual loss suffered and risk insured

Question 357:

• JAMB 1999

Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.

A. A manufacturer's warehouse
B. A bonded warehouse
C. An importer's warehouse
D. A wholesaler's warehouse

Question 358:

• JAMB 1999

The three major function unit which the modern computer has are

A. The input the processor and the output units
B. The black box, output and input units
C. BASIC, COBOL and output uits
D. BASIC, the processor and PASCAL

Question 359:

• JAMB 1999

(i)Foreign investment (ii)Long term lending (iii) Short-term borrowing. Which combination of the above include capital account in international trade?

A. I, iii, and iv
B. Ii, iii and iv
C. Ii and iv
D. I and ii

Question 360:

• JAMB 1999

The elimination of fault in a computer programme is called?

A. Console
B. Debug
C. Dump
D. Loop