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Commerce 2001 JAMB Past Questions

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26
The major difference between insurance and assurance is that while insurance
  • A. takes care of uncertainty, assurance takes care of risks
  • B. takes care of risks , assurance takes care of uncertainty
  • C. hinges on probabilities, assurance is based on possibilities
  • D. is about indemnity, assurance is about life in the future
View Answer & Discuss JAMB 2001
27
A documentary bill will normally be accompanied by
  • A. . sales invoice, bill of lading and insurance certificate
  • B. clean bill, bill of lading, and insurance certificate
  • C. bill of lading, consular invoice, and insurance certificate
  • D. consular invoice, FOB certificate and bill of lading
View Answer & Discuss JAMB 2001
28

Which of the following best describes the classification of computer?

  • A. Mini-computer, speed and size
  • B. Micro-computer, cost and abilities
  • C. Mini-computer, Micro-computer and work station
  • D. Mini-computer , hybrid and digital
View Answer & Discuss (1) JAMB 2001
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29

The temporary working area of the central processing unit is called the?

  • A. C-D ROM
  • B. C-D RAM
  • C. ROM
  • D. RAM
View Answer & Discuss (3) JAMB 2001
30
The significance of money to modern economic system is that it?
  • A. is used as a means of payment
  • B. promotes specialization and exchange
  • C. measures value and promotes exchange
  • D. causes inflation in the economy
View Answer & Discuss JAMB 2001
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