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Commerce 1998 JAMB Past Questions

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21
The document with which a manufacturing enterprises releases stock
Of raw materials to the factory for product is called?
  • A. stock releases form
  • B. goods received note
  • C. stock issues voucher
  • D. materials release note
View Answer & Discuss JAMB 1998
22
the two main categories under which marine losses fall into are?
  • A. particular loss and average loss
  • B. actual loss and average loss
  • C. total loss and partial loss
  • D. voyage policy loss and time policy loss
View Answer & Discuss (1) JAMB 1998
23
Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector
  • A. Only half of the loss suffered
  • B. double the value of the losses suffered
  • C. the total sum of the premium paid prior to the loss
  • D. damage claims equal to the loss suffered.
View Answer & Discuss JAMB 1998
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24
The most important difference between community banks and peoples’ bank is that the?
  • A. latter is owned solely by government while the former are not
  • B. former cater for ruler dwellers while the latter cater for both rural and urban dwellers
  • C. former are service oriented while the latter are profit oriented
  • D. latter advances loans to the public while former advance loans to the rural dwellers only.
View Answer & Discuss JAMB 1998
25
The assets, liabilities and general management of a distressed bank may be taken over by?
  • A. International Bank for Reconstruction and development
  • B. Nigeria Industrial Development Bank
  • C. Nigeria Banks Deposit Insurance corporation
  • D. Nigeria Bank for Commerce and Industry
View Answer & Discuss JAMB 1998
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