Search SchoolNGR

Saturday, 04 April 2026
Register . Login

Commerce Past Questions and Answers

Jamb Commerce Questions

Question 16:
A current account holder pays fees for services in form of
  • A Bank charges
  • B Interest rates
  • C Commission on turnover
  • D Minimum lending rate
View Answer & Explanation
Question 17:
Printed messages sent by cable are recorded as
  • A Telegram
  • B SMS
  • C Telex
  • D MMS
View Answer & Explanation
Question 18:
Communication is relevant to business activities because it
  • A Creates wealth for people
  • B Reduces the cost and risk of travelling
  • C Connects people
  • D Enhances delivery of goods and servicess
View Answer & Explanation
Question 19:
The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of
  • A Proximate cause
  • B Insurable interest
  • C Insurance priority
  • D Subrogation
View Answer & Explanation
Question 20:
Assurance is different from insurance in that the former is based on
  • A Probability
  • B Possibility
  • C Risk
  • D Uncertainty
View Answer & Explanation