JAMB COMMERCE PAST QUESTIONS

JAMB COMMERCE PAST QUESTIONS

+1
419 Views
0%
1

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

1 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Communication enhances business activities by

2 / 60

Category: JAMB COMMERCE PAST QUESTIONS

In the law of contact, a counter offer operates as

3 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The risks that can be forecast and measured is termed___________

4 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

5 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the disadvantages of rail transport is

6 / 60

Category: JAMB COMMERCE PAST QUESTIONS

When expenses on trading are deducted, the result is the

7 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

8 / 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

9 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The scope of commerce is limited to ________

10 / 60

Category: JAMB COMMERCE PAST QUESTIONS

What is a Quota?

11 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

12 / 60

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

13 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The most important resources of business is_______

14 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

15 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is a verbal means of communication

16 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

17 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

18 / 60

Category: JAMB COMMERCE PAST QUESTIONS

An important feature of land is that it

19 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

20 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is classified as an immaterial want?

21 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

22 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

23 / 60

Category: JAMB COMMERCE PAST QUESTIONS

A market where new shares are tracked is known as

24 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

25 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Privatization is

26 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Examples of Commercial occupation are all except___________

27 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the products of an extractive industry is

28 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

29 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

30 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Thee major aim of consumer orientation is_________

31 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Trade fairs in Nigeria are organized by

32 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of these is a current asset

33 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

34 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the followingis a modern trend in retailing ?

35 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the functions of the retailer is

36 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Current account holders withdraw money through

37 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The payment for direct service is usually made by the

38 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

39 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

40 / 60

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

41 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

42 / 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

43 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

44 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

45 / 60

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

46 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The duties paid on goods produced locally is

47 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

48 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The effects of devaluation includes all except _______

49 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

50 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

51 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

52 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

53 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

54 / 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 Fixed assets

55 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Bank overdraft as a short term source of fund is

56 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Citizens are against privatization mainly because of

57 / 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

58 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following best describes an invoice?

59 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the major determinants of the volume of production is

60 / 60

Category: JAMB COMMERCE PAST QUESTIONS

All but one is not an output devices?

Your score is

0%

+1

Post Comment