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Bensures that facilities are available for operators
Caccepts risk s and extend credit to policy holders
Dspread individual losses ove all covered participants
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Question 804
jamb1997
The person who undertakes any risk in insurance business is known as
Aa broker
Ban underwriter
Can insurer
Dan actuary
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Question 805
jamb1997
The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?
Apipe line
Bair
Crail
Droad
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Question 806
jamb1997
An example of indirect service is rendered by
Acivil servants
Bfamily doctors
Chousehold servant
Dentertainers
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Question 807
jamb1997
Transport, retailing and wholesaling industries rely heavily on
Abanking
Binsurance
Cmanufacturing
Drailway
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Question 808
jamb1997
A royal charter was granted to the Royal Niger Company to do business in Nigeria in
ADecember 1888
BMay 1887
CJuly 1886
DAugust 1885
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Question 809
jamb1997
Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking
AI and II
BI and III
CI, II and IV
DII, III and IV
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Question 810
jamb1995
Which of the following gives the correct order in which the listed documents are used?
Adebit note, order, delivery note, invoice and statement
Border, delivery note, invoice, debit note and statement
Cstatement, order, invoice, delivery note and debit note
Dinvoice, order, statement, debit note and delivery note
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Question 811
jamb1995
RRF as a scheme introduced by the central bank of Nigeria means
Arecording and Rediscounting Facility
Brefinancing and Recording Facility
Crefinancing and Rediscounting Facility
Drefinancing and Reinvesting Facility
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Question 812
jamb1995
Most foreign trade transaction are paid for through the use of
Acentral bank cheques
Bbank drafts drawn by commercial banks on their foreign branches
Cirrevocable and confirmed letters of credit
Dletters of credit authenticated by the embassies of the respective countries
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Question 813
jamb1995
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
Acustoms draw back
Bexport royalty
Cincentive
Dexport rebate
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Question 814
jamb1995
In the channel of distribution, which of the following sets is entirely made up of middlemen?
AWholesalers, retailers and agents
BManufacturers, consumers and retailers
CWholesalers, agents and consumers
DRetailers, manufacturers and wholesalers
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Question 815
jamb1995
Given:
Opening stock 40 000
Purchases 115 000
Closing stock 60 000
Sales 250 000
What is the cost of goods sold?
AN 155 000
BN 95 000
CN 50 000
DN 30 000
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Question 816
jamb1995
Profit that is expressed as a percentage of the cost of goods sold is referred to as
Amargin
Bmark-up
Cgain percent
Dgross profit
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Question 817
jamb1995
Rights issue means the
Aissue of shares to the directors of a company on favourable terms
BIssue of shares by a company only to the founders of the company
Cright of shareholders to vote on any issue
Dissue of shares to shareholders on favourable terms
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Question 818
jamb1995
The financial index which compares current assets directly with current liabilities is known as current
Aturnover
Bcapital
Cratio
Dbalance
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Question 819
jamb1995
Factoring is a trade debt term used when the agent buys all the trade debts of the
Aimporters
Bexporters
Cnation
Dcustomers
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Question 820
jamb1995
A public limited company can raise long-term loans through
