JAMB COMMERCE PAST QUESTIONS

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JAMB COMMERCE PAST QUESTIONS

JAMB COMMERCE PAST QUESTIONS 1

JAMB COMMERCE PAST QUESTIONS

Attempt all 60 questions from our pool of questions. 60 questions will be picked automatically from our question bank.

You have 1 hour for this exam. You can re-take the exam again and again

 

Goodluck

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Category: JAMB COMMERCE PAST QUESTIONS

The type of activity which turns processed raw materials into consumer and industrial goods is described as ________

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Category: JAMB COMMERCE PAST QUESTIONS

The most important resources of business is_______

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

A market where new shares are tracked is known as

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Category: JAMB COMMERCE PAST QUESTIONS

The payment for direct service is usually made by the

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Category: JAMB COMMERCE PAST QUESTIONS

In the law of contact, a counter offer operates as

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Category: JAMB COMMERCE PAST QUESTIONS

What is a Quota?

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

Thee major aim of consumer orientation is_________

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following functions is not performed by warehousing?

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

Current account holders withdraw money through

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Category: JAMB COMMERCE PAST QUESTIONS

One of these is not a major in the production process?

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Category: JAMB COMMERCE PAST QUESTIONS

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

When expenses on trading are deducted, the result is the

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Category: JAMB COMMERCE PAST QUESTIONS

The development of commerce in west Africa was not hampered by

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Category: JAMB COMMERCE PAST QUESTIONS

A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only

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Category: JAMB COMMERCE PAST QUESTIONS

The duties paid on goods produced locally is

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Category: JAMB COMMERCE PAST QUESTIONS

keeping the goods safe until they and needed

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Category: JAMB COMMERCE PAST QUESTIONS

Tourists with no fixed address in a town may receive their letters from post office through a

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

The effects of devaluation includes all except _______

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Category: JAMB COMMERCE PAST QUESTIONS

An important feature of land is that it

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is a legal tender?

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Category: JAMB COMMERCE PAST QUESTIONS

The factors which critically determines the choice of occupation is

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

Initial Capital5000
Net Profit1000
Furniture2000
Equipment2900
Debtors100
Stock1000
Bank500

 

From the above, calculate Current liabilities

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

One of the products of an extractive industry is

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Category: JAMB COMMERCE PAST QUESTIONS

The minimum lending rate of a bank is a component of its

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Category: JAMB COMMERCE PAST QUESTIONS

Trade fairs in Nigeria are organized by

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

Examples of Commercial occupation are all except___________

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Category: JAMB COMMERCE PAST QUESTIONS

One of the disadvantages of rail transport is

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Category: JAMB COMMERCE PAST QUESTIONS

The application of division of labour would generally bring about

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Category: JAMB COMMERCE PAST QUESTIONS

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

46 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Land as a factor of production does not vary in _______

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and

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Category: JAMB COMMERCE PAST QUESTIONS

In the formation of a united liability company, the following documents are prepared except_______

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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________

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

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Category: JAMB COMMERCE PAST QUESTIONS

All but one is not an output devices?

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Category: JAMB COMMERCE PAST QUESTIONS

Examples of consumer goods include all except________

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

One of the functions of the retailer is

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Category: JAMB COMMERCE PAST QUESTIONS

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

Initial Capital5000
Net Profit1000
Furniture2000
Equipment2900
Debtors100
Stock1000
Bank500

 

From the above, calculate Fixed assets

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is NOT backed by gold but by government securites?

Your score is

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Author: School Portal NG

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