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Commerce 2025 JAMB Past Questions

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6

Which of the following is not an aid to trade ?

 

  • A. Insurance
  • B. Banking
  • C. Production
  • D. Transport
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7

Which of the following is a means of payment?

 

  • A. C.I.F
  • B. I.O.U
  • C. Postal order
  • D. Promissory note
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8

Turnover of a business is the same as the

 

  • A. purchases of the business
  • B. assets of the business
  • C. sales of the business
  • D. profit of the business
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9

The reduction of the value of a country's currency in relation to other country's currencies in

 

 

  • A. fluctuation
  • B. inflation
  • C. devaluation
  • D. deregulation
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10

An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is

 

  • A. proximate cause
  • B. indemnity
  • C. insurable interest
  • D. subrogation
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