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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 6:
The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?
  • A Pipe line
  • B Air
  • C Rail
  • D Road
View Answer & Explanation
Question 7:
The person who undertakes any risk in insurance business is known as
  • A A broker
  • B An underwriter
  • C An insurer
  • D An actuary
View Answer & Explanation
Question 8:
The main purpose of insurance is to
  • A Encourage business to surviveand grow
  • B Ensures that facilities are available for operators
  • C Accepts risk s and extend credit to policy holders
  • D Spread individual losses ove all covered participants
View Answer & Explanation
Question 9:
The object of the business are determined by the
  • A Workers
  • B Government
  • C Society
  • D Promoters
View Answer & Explanation
Question 10:
Partnership are most suitable where
  • A The partners are family friends
  • B Professionals are involved
  • C Members can easily rasie enough capital
  • D Government regulations are favourable
View Answer & Explanation