Question 1 of 10
The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is
This JAMB Commerce Past Questions - Set 12 quiz contains 10 multiple choice questions designed to help you revise and test your Commerce knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!
Practice with real JAMB Commerce past questions. Test your knowledge of trade, business, banking, and insurance for UTME preparation. Set 12 covers questions from JAMB exams (2022).
Question 1 of 10
The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is
Question 2 of 10
Dealers in stock exchange such as bulls, bears and stags are categorized as
Question 3 of 10
Which of the following is not a characteristic of a commercial bank?
Question 4 of 10
Central banks sell treasury bills to the public to
Question 5 of 10
A document used to ensure correct payment of duty at the importing country is
Question 6 of 10
A cheque is specially crossed if
Question 7 of 10
One of the functions of a trade association is to
Question 8 of 10
When a share with a nominal value of #50 is quoted at #70, it is being sold
Question 9 of 10
Sea vessels that do not operate on regular times and routes are
Question 10 of 10
Payment made to a carrier for transportation of goods is