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Commerce 2018 JAMB Past Questions

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61

A person who undertakes any risk in insurance business is known as ? 

  • A. a broker
  • B. an underwriter
  • C. an insurer
  • D. an actuary
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62

Bank giro is a system where?

  • A. commercial banks can give loan to all customers.
  • B. a central bank opens accounts for commercial banks
  • C. a customer uses a cheque to pay several bills.
  • D. a customer closes his account by writing a cheque
View Answer & Discuss (1) JAMB 2018
63

one of the criteria for differenciating consumer markets from industrial ones is the?

  • A. type of demand
  • B. type of supply
  • C. nature of service rendered
  • D. price of the goods
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64

The main objective of a trade association can best be described as promoting and protecting ? 

  • A. the product
  • B. common interest
  • C. the market
  • D. customer's interest
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65

When a vendor supplies news papers from house to house and across the streets, the element of marketing mix involved is? 

  • A. product
  • B. price
  • C. promoting
  • D. place
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