JAMB Commerce Past Questions & Answers - Page 182

906.

The temporary working area of the central processing unit is called the?

A.

C-D ROM

B.

C-D RAM

C.

ROM

D.

RAM

Correct answer is B

No explanation has been provided for this answer.

907.

Which of the following best describes the classification of computer?

A.

Mini-computer, speed and size

B.

Micro-computer, cost and abilities

C.

Mini-computer, Micro-computer and work station

D.

Mini-computer , hybrid and digital

Correct answer is C

No explanation has been provided for this answer.

908.

A documentary bill will normally be accompanied by

A.

sales invoice, bill of lading and insurance certificate

B.

clean bill, bill of lading, and insurance certificate

C.

bill of lading, consular invoice, and insurance certificate

D.

consular invoice, FOB certificate and bill of lading

Correct answer is D

No explanation has been provided for this answer.

909.

The major difference between insurance and assurance is that while insurance

A.

takes care of uncertainty, assurance takes care of risks

B.

takes care of risks , assurance takes care of uncertainty

C.

hinges on probabilities, assurance is based on possibilities

D.

is about indemnity, assurance is about life in the future

Correct answer is C

No explanation has been provided for this answer.

910.

Pooling of risk in insurance means that?

A.

compensations are paid out of a common fund

B.

two people can pool their risks to be insured

C.

two insurance companies can buy two policies

D.

insurance companies should encourage taking risks.

Correct answer is A

No explanation has been provided for this answer.