JAMB COMMERCE PAST QUESTIONS (UTME)

The Central Bank Monetary policy instrument by which it buys and sells securities is called

A title, symbol, or design that distinguishes a company is called

Examples of consumer goods include all except________

One of the functions of the Nigerian Ports Authority is that it

Which of the following is the best method for computing working capital

The major determinant of fire insurance premium is the

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

From the above, calculate Current liabilities

One of the disadvantages of Sole Proprietorship is__________

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

Privatization is

Which of the following is a verbal means of communication

The vessels that operate on specific route on high seas and oceans are

Complying with the rules relating to the conduct of business activities in a country is an aspect of

Mrs Jones who lives in the riverine community of Rivers State makes her living through crabbing and fishing . This type of occupation she is in is

To eliminate middlemen, there should be a retail outlet such as

The effects of devaluation includes all except _______

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

The production of goods and services in anticipation of demand is made possible by _______

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

The process of winding up or bringing a company to an end is________

The policy used when contracts are awarded as a result of tender is________

Labour as an input in production can be motivated by

In response to an inquiry from a customer, a wholesaler is expected to send back

The scope of commerce is limited to ________

One of the major determinants of the volume of production is

Current account holders withdraw money through

A formal letter to a dealer to enquire details about certain items for sale is referred to as

The agency in Nigeria which ensure that products conform to government quality specification is the

In product pricing, which of these elements need more consideration than others?

The document issued by a port authority for goods deposited is a

The most important resources of business is_______

What is a Quota?

Which of the following functions is not performed by warehousing?

DF is charging certain duties by an organization to the public to gain high patronage is a concern of financial resposibility

The application of division of labour would generally bring about

A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a

All but one does not provide an Indirect Service?

The document that gives an important freehand to obtain goods form any manufacturer is

One of the functions of the retailer is

One of the disadvantages of rail transport is

Which of the followingis a modern trend in retailing ?

An ancillary to trade which promotes socio - cultural development all over the world is

In a law of contract, what is given in exchange for a promise to perform is_____

One of the major problems of a sole proprietor is sourcing for

The act of selling in a foreign market at a price lower than the cost price is called

The board of directors of public enterprise is appointed by who?

Thee major aim of consumer orientation is_________

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

The document submitted to the customs authority when full description of imported goods is not provided is

A market where new shares are tracked is known as

A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank

The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is

In the transportation industry, dead freight is used to describe the

Company has an authorized capital of 100 millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up the remaining 50 million shares have

A carton of noodles valued at #2,000 was invoiced at #200 only.The accounting procedure to correct this error is to issue

The development of commerce in west Africa was not hampered by

The internet is a system of telecommunication used for

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

From the above, calculate Fixed assets

Which of the following is a legal tender?

The payment for direct service is usually made by the