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JAMB COMMERCE PAST QUESTIONS

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JAMB COMMERCE PAST QUESTIONS

Commerce

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

1 / 60

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

2 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

3 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The scope of commerce is limited to ________

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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 risks that can be forecast and measured is termed___________

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Category: JAMB COMMERCE PAST QUESTIONS

All but one does not provide an Indirect Service?

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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

Which of the following is a traditional medium of communication used to mark festivals?

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following best describes an invoice?

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Category: JAMB COMMERCE PAST QUESTIONS

Bank overdraft as a short term source of fund is

11 / 60

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

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

Privatization is

14 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

15 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

16 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

17 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Labour as an input in production can be motivated by

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

20 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Funds used for paying wages, salaries and payments for raw materials are categorized under

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is classified as an immaterial want?

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is an item in the marketing mix?

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Category: JAMB COMMERCE PAST QUESTIONS

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

24 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

25 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the major determinants of the volume of production is

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Category: JAMB COMMERCE PAST QUESTIONS

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

27 / 60

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________

28 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

29 / 60

Category: JAMB COMMERCE PAST QUESTIONS

A partnership may be automatically dissolved due to the following factors except________

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Category: JAMB COMMERCE PAST QUESTIONS

Examples of Commercial occupation are all except___________

31 / 60

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

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

33 / 60

Category: JAMB COMMERCE PAST QUESTIONS

A market where new shares are tracked is known as

34 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Examples of consumer goods include all except________

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Category: JAMB COMMERCE PAST QUESTIONS

The world tourism organization has it headquarters in

36 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

37 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is a verbal means of communication

38 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

Current account holders withdraw money through

40 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

41 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The major determinant of fire insurance premium is the

42 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

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Category: JAMB COMMERCE PAST QUESTIONS

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

44 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Thee major aim of consumer orientation is_________

45 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the followingis a modern trend in retailing ?

46 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Land as a factor of production does not vary in _______

47 / 60

Category: JAMB COMMERCE PAST QUESTIONS

An important feature of land is that it

48 / 60

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

49 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

50 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

51 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the disadvantages of rail transport is

52 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The factors which critically determines the choice of occupation is

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Category: JAMB COMMERCE PAST QUESTIONS

From which of the following sources can partnership increase their capital?

54 / 60

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

Use the following information to answer this question.

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 assets

56 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of these is a current asset

57 / 60

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

One of the factors of determining the volume of production is

59 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

60 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

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