COMMERCE POST JAMB PAST QUESTIONS

COMMERCE POST JAMB PAST QUESTIONS AND ANSWERS

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COMMERCE POST UTME

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(APP) COMMERCE POST UTME

COMMERCE POST UTME

Practice with our Post UTME CBT for Universities, Polytechnics, College of Agriculture, College of
Medicine, College of Technology and College of Education and pass your examination.

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Category: COMMERCE POST UTME

Freight note is a document

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The breaking down of a market into separate and identifiable elements each with its own special product requirements is known as market

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In the case of a voluntary liquidation of a business, the receiver is appointed by the

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The body that organizes, promotes and participates in local and foreign trade fairs is the

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The nominal value of a share as specified in the Memorandum of Association and the share certificate is the

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RRF as a scheme introduced by the Central Bank of Nigeria means

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The use of computers in modern banking industry is a reflection of

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A term which indicates that a share is temporarily suspended is

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The assets, liabilities and general management of a distressed bank may be taken over by

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The main function of thrift, credit and loans co-operative societies is to

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An underlying principle in the marketing of goods is that firms should

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What of the above are requirements for admission into the second-tier securities market?

I. Companies must be registered as private limited liability companies.

II. Companies must have not less than 100 shareholders.

III. No shareholder may have more than 75% of issued share capital.

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The business organization in which shareholders have equal votes is

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Which of the following gives the correct order in which the listed documents are used?

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The existing system of governance and the administrative sub-divisions of a country which described as

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A public limited company can raise long-term loans through

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The ECOBANK is the initiative of

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The merger of two companies producing the same type of products is an example of

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Commerce makes it possible for man to live in a …

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The existing system of governance and the administrative sub-divisions of a country which described as

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NACCIMA stands for

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The most important piece of legislation governing business and commercial activities in Nigeria currently is the

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A company earned a total revenue of =N=108 million with a total cost of =N=91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.

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Under normal circumstances, a business enterprise can be ideally structured

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If a firm’s turnover is =N=15,000 and the cost of goods sold is =N= 10,000, what is the percentage of gross profit on sales?

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A major liability of a commercial bank arises from

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The activities of consumers association in Nigeria have not been effective because

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Goods discharged from ships on which import duties have not been paid are kept in the

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The production process that combines two or more raw materials into one end product is

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Shares can be forfeited for

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Which of the following takes place when firms producing at different stages in the same industry combine?

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What are the factors with which commercial undertakings can be distinguished?

I           Size of the undertakings

II          Profits generated

III        forms of ownership

IV        Location of the undertakings

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When an industry or company is nationalized, the state becomes

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The overriding objective of the Food and Drug Act in Nigeria is to prevent the

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Motivation is an essential element in management because it

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The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called

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Sole enterprise may flourish best in

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The ordinary shareholders enjoy the following rights EXCEPT the right to

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Which of the following statements is TRUE about sea transport?

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A demonstration of social responsibility by a business is the payment of

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Which of the following is the most important business resource?

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Management is described as

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For the establishment of a powerful consumers’ association in Nigeria to exist, there must be

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The difference between the total payments for imports and the receipts from exports within a given period is referred to as

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Which of the following makes other functions of business its appendages?

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A distinguishing characteristic of a limited liability company is that is

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Which of these sets of external environmental factors affect a business operation?

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An example of a consumer protection agency is the

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The least of the advantages of indigenization is that

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One of the criteria for differentiating consumer markets from industrial ones is the

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