JAMB Past Questions and Answers - Page 16

76.

Which is the fastest means of transportation?

A.

Water

B.

air

C.

rail

D.

Road

Correct answer is B

Air transport is an aircraft design for transporting passengers and freight from one location to another in the air using airplanes, jets, rockets helicopters, and drones.

High Speed: It is the fastest means of transport

77.

Why is clear bill of lading called so?

A.

It shows records of damaged goods

B.

It shows no records of damaged goods

C.

It is a clear bill

D.

It signifies no debt is owed

Correct answer is B

So, a bill of lading is a contract of carriage between a shipper and a carrier, outlining the details of a particular shipment. And a clean bill of lading indicates that the carrier received the goods in good condition, before they actually ship them

a clean bill of lading indicates that the carrier received the goods in good condition, before they actually ship them

78.

In Nigeria, the ministry in charge of registering trade association is that of

A.

Culture and tourism

B.

Finance

C.

Industries

D.

Commerce

Correct answer is D

The Ministry of commerce also provides Geological Services for Industrial and Commercial, Registration of Trade Groups and artisans and Export promotion.

The ministry of Commerce is in charge of registering trade associations

79.

Which of the following has power to order withdrawal of a particular food item from circulation?

A.

Food and Drug Department of the Federal Ministry of Health

B.

Federal High Courts in Nigeria

C.

Standard Organization of Nigeria

D.

Local Government Health Inspectors

Correct answer is A

Functions of the department of Planning Research And Statistics in the Food and drug department include developing plans and budgets and monitoring their implementation, serving as Secretariat to the National Council on Health, conducting health research in collaboration with other departments and agencies, institutions and parastatals.

food and drugs department are those that have the power to order withdrawal of a particular food item from circulation

80.

Bank overdraft as a short term source of fund is

A.

A current liability

B.

An overdrawn account

C.

Grade to a newly opened account

D.

Repayable after more than a year

Correct answer is A

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn

Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle, example is overdraft