JAMB Past Questions and Answers - Page 277

1,381.

The significance of money to modern economic system is that it?

A.

is used as a means of payment

B.

promotes specialization and exchange

C.

measures value and promotes exchange

D.

causes inflation in the economy

Correct answer is C

No explanation has been provided for this answer.

1,382.

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.

1,383.

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.

1,384.

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.

1,385.

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.