JAMB Commerce Past Questions, Answers & Explanations - Commerce

Jamb Commerce Questions

Question 21:

When a price is quoted at F.O.B. it means that the price?

A Excludes loading charges incurred in bringing the goods to port of destinction
B Exclude all necessary shipping charges payable for insurrance
C Includes all charges payable on shipping a consignment to the port destination
D Includes charges payable for for loading goods onto the ship

Question 22:

The document with which a manufacturing enterprises releases stock Of raw materials to the factory for product is called?

Question 23:

the two main categories under which marine losses fall into are?

Question 24:

Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector

Question 25:

The most important difference between community banks and peoples’ bank is that the?

A Latter is owned solely by government while the former are not
B Former cater for ruler dwellers while the latter cater for both rural and urban dwellers
C Former are service oriented while the latter are profit oriented
D Latter advances loans to the public while former advance loans to the rural dwellers only.