Post Utme Commerce Questions
Question 81:
Endorsement in insurance refers to:
- A Destruction of policy files
- B Alteration of policy terms
- C Cancellation of all claims
- D Transfer of warehouse goods
Question 82:
Insurance documents serve mainly as:
- A Transport fare receipts
- B Warehouse storage permits
- C Ownership transfer certificates
- D Evidence of insurance agreement
Question 83:
The insurance principle that requires policyholders to have a financial relationship with the insured item is:
- A Doctrine of contribution
- B Principle of indemnity
- C Insurable interest rule
- D Utmost good faith rule
Question 84:
Which of the following best describes nationalization?
- A Sale of public corporations
- B Operation of firms for profit
- C Transfer of firms to government
- D Reduction of industrial regulations
Question 85:
Which statement concerning public enterprises is most correct?
- A Competition is always unrestricted
- B Investors receive ordinary dividends
- C Governments provide essential services
- D Enterprises avoid social obligations