JAMB Commerce Past Questions & Answers - Page 138

686.

Payment made to the insured by the insurer outside its legal obligation is?

A.

premium paid

B.

ex gratia payment

C.

surrender value

D.

sum assured

Correct answer is B

No explanation has been provided for this answer.

687.

An employer insures against his employees' dishonesty by taking up?

A.

fidelity guarantee insurance

B.

accident insurance

C.

group life assurance

D.

endowment policy

Correct answer is A

Fidelity guarantee insurance covers the insured against losses suffers as a result of employees' dishonesty, misappropriations of funds, and fraudulent conversion of the company's fund.

688.

The input, output and central processing units are the basic components of a computer's?

A.

memory

B.

printer

C.

hardware

D.

software

Correct answer is C

Computer hardware is the physical component that a computer system requires to function. It includes the motherboard, graphics card, CPU (Central Processing Unit), input devices (For raw data input), output devices (to disseminate data and information), storage devices (for data and information retention), etc.

689.

Tourism can be classified as?

A.

intangible import

B.

visible export

C.

intangible export

D.

invisible export

Correct answer is D

Tourism in terms of economic activity is treated as an 'invisible export' due to the fact that consumption of goods and services by foreign tourists really carries out the export on the spot in a tourist destination.