Jamb Commerce Past Questions and Answers

Question 401:

• JAMB 2000

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

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

Question 402:

• JAMB 2000

Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company?

A. N320
B. N420
C. N460
D. N560

Question 403:

• JAMB 2000

The Central Bank differs from commercial banks because it?

A. Renders service to customers
B. Carries out foreign exchange transactions
C. Issues currencies
D. Discounts bills

Question 404:

• JAMB 2000

A bank form used to transfer money from personal to creditor's account is called?

A. Debits transfer form
B. Credit transfer form
C. Customers transfer form
D. Banks transfer form

Question 405:

• JAMB 2000

The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as?

A. Digital computer
B. Analogue computer
C. Mainframe computer
D. Hybrid computer