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Post UTME Past Questions Agent
191
Which of the following document permit an importer to inspect his goods before the arrival of the bill of lading?
  • A. Bill of sight
  • B. Import invoice
  • C. Consular invoice
  • D. Bill of exchange
View Answer & Discuss (1) JAMB 1999
192
The overriding advantage of home trade over foreign trade is
  • A. accessibility of seller to buyer
  • B. absence of many documents
  • C. ease in language of transaction
  • D. ease in form of payment
View Answer & Discuss JAMB 1999
193
A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages
  • A. caused by the insured vehicle
  • B. to the insured vehicle
  • C. cause by the other vehicle
  • D. to the driver of insured vehicle
View Answer & Discuss JAMB 1999
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194
The rate at which a central bank discount first class bills is called the
  • A. fixed rate
  • B. bill rate
  • C. bank rate
  • D. interest rate
View Answer & Discuss JAMB 1999
195
The principle of subrogation states that
  • A. an insured person should be indemnifed to the tune of the amount insured
  • B. an insurance company can stand in place of the insured in dealing with third party
  • C. oly a person who is likely to sufferrd loss should take take out an insurance cover
  • D. ther must be a close connection between the actual loss suffered and risk insured
View Answer & Discuss (1) JAMB 1999
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