Jamb 2018 Commerce Past Questions And Answers
1
A debenture holder is entitled to
- A. Dividend
- B. Interest
- C. commission
- D. Profit
2
One of the principles of insurance is
- A. Proximate cause
- B. Fidelity guarantee
- C. Consequential loss
- D. Surrender value
3
The two main categories under which marine losses fall into are
- A. Total loss and partial loss
- B. Voyage policy loss and time policy loss
- C. Particular loss and average loss
- D. Actual loss and general loss
4
Distribution of goods belongs to
- A. Construction industry
- B. extractive industry
- C. manufacturing industry
- D. commercial industry
5
Privatization is
- A. Transfer of ownership from individual to government
- B. Transfer of ownership from government to stakeholders
- C. Transfer of ownership from government to individuals
- D. Government taking charge of all businesses
6
In a public limited liability company, planning is carried out by
- A. Employees
- B. The chairman of the board
- C. Shareholders
- D. Manufacturer’s warehouse
7
Current account holders withdraw money through
- A. Credit card
- B. Cheque
- C. Transfer
- D. Withdrawal form
8
The sale of second hand securities is done in which market
- A. Building society
- B. cooperative society
- C. stock exchange
- D. capital market
9
A group of companies is a collection of?
- A. subsidiaries and their holding company
- B. firms
- C. associates and their holding company
- D. industries
10
When does the buyer in a hire purchase becomes the owner of the goods?
- A. When all installments have been fully paid
- B. After payment of the first installment
- C. Before the payment of the first installment
- D. When half of the purchased price has been paid