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Commerce 1995 JAMB Past Questions

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6
The insurance policy which provides full cover against all risks at sea is known as
  • A. Policy with Particular Average
  • B. Policy Free of Particular Average
  • C. Marine Freight Insurance
  • D. Marine Voyage Policy Insurance
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7
Berne union is also known as
  • A. International Credit Union
  • B. International Documentry Credit
  • C. International Union of Credit and Investment Insurers
  • D. export Credit Guarantee Scheme
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8
which of the following sets of items was used for exchange in Nigeria before money was introduced?
  • A. cowries, iron rods, brass rods and copper rods
  • B. iron rods, copper rods, manilla and cowries
  • C. cowries, manilla, brass rod andcopper wires
  • D. copper wires, brass wires, cowries and iron rod
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9
A major liability of a commercial bank arises from
  • A. customers' deposits
  • B. loans and advances
  • C. overdrafts
  • D. staff allowance
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10
A bank statement is a document
  • A. ordering a bank to pay on demand a stated sum of money
  • B. containing records of receipts, payments and balance on an account
  • C. used for paying into bank account
  • D. used for regular withdrawal of money from a savings account
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC offline past questions - with all answers and explanations in one app - Download for free