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51
The main advantage of road transport is that it is
  • A. convenient and flexible
  • B. cheap and direct
  • C. common and fast
  • D. safe and available
View Answer & Discuss JAMB 1995
52
The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called
  • A. subrogation
  • B. contribution
  • C. re-insurance
  • D. indemnity
View Answer & Discuss (1) JAMB 1995
53
The insurance policy which provides full cover against all risks at sea is known as
  • A. Policy with Particular Average
  • B. Policy Free of Particular Average
  • C. Marine Freight Insurance
  • D. Marine Voyage Policy Insurance
View Answer & Discuss JAMB 1995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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54
Berne union is also known as
  • A. International Credit Union
  • B. International Documentry Credit
  • C. International Union of Credit and Investment Insurers
  • D. export Credit Guarantee Scheme
View Answer & Discuss JAMB 1995
55
which of the following sets of items was used for exchange in Nigeria before money was introduced?
  • A. cowries, iron rods, brass rods and copper rods
  • B. iron rods, copper rods, manilla and cowries
  • C. cowries, manilla, brass rod andcopper wires
  • D. copper wires, brass wires, cowries and iron rod
View Answer & Discuss JAMB 1995
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