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Commerce 2013 JAMB Past Questions

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46

A computer accessory through which information can be retrieved is the

  • A. hard disk
  • B. input device
  • C. control unit
  • D. floppy disk
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47

The difference between indemnity insurance and non-indemnity insurance is that the latter provides

  • A. cover for exporters against risks
  • B. cover for importers against risks
  • C. full payment to the insured
  • D. consolation payment to the insured
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48

Use the table above to answer this question

If Mr. N takes a fire insurance policy with average clause, his compensation will be

  • A. N 5000
  • B. N 7, 500
  • C. N 70, 000
  • D. N 75, 000
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49

Use the above table to answer this question

What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?

  • A. Indemnity
  • B. Insurable interest
  • C. Uberrimae fidei
  • D. Subrogation
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