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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
View Answer & Discuss JAMB 1995
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
View Answer & Discuss JAMB 1995
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
View Answer & Discuss JAMB 1995
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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
View Answer & Discuss (2) JAMB 1995
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
View Answer & Discuss JAMB 1995
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