JAMB Commerce Past Questions & Answers - Page 193

961.

The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as?

A.

digital computer

B.

analogue computer

C.

mainframe computer

D.

hybrid computer

Correct answer is A

No explanation has been provided for this answer.

962.

A bank form used to transfer money from personal to creditor's account is called?

A.

debits transfer form

B.

credit transfer form

C.

customers transfer form

D.

banks transfer form

Correct answer is A

No explanation has been provided for this answer.

963.

The Central Bank differs from commercial banks because it?

A.

renders service to customers

B.

carries out foreign exchange transactions

C.

issues currencies

D.

discounts bills

Correct answer is C

No explanation has been provided for this answer.

965.

The insurance principle that requires full disclosure of information on the insured is known as

A.

indemnity

B.

uberrimae fidei

C.

subrogation

D.

caveat emptor

Correct answer is B

No explanation has been provided for this answer.