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JAMB COMMERCE PAST QUESTIONS

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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

In the law of contact, a counter offer operates as

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Category: JAMB COMMERCE PAST QUESTIONS

The world tourism organization has it headquarters in

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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

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

Labour as an input in production can be motivated by

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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

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

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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

The application of division of labour would generally bring about

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Category: JAMB COMMERCE PAST QUESTIONS

Communication enhances business activities by

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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

In Nigeria, it is mandatory for all business enterprises to be registered with the________

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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

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

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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

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

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 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

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

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the followingis a modern trend in retailing ?

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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

Examples of Commercial occupation are all except___________

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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

The payment for direct service is usually made by the

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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

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

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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

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

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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

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

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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

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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Category: JAMB COMMERCE PAST QUESTIONS

The major determinant of fire insurance premium is the

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Category: JAMB COMMERCE PAST QUESTIONS

Privatization is

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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

keeping the goods safe until they and needed

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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

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

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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 risks that can be forecast and measured is termed___________

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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

Bank overdraft as a short term source of fund is

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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

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

The duties paid on goods produced locally is

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Category: JAMB COMMERCE PAST QUESTIONS

The internet is a system of telecommunication used for

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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

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 document issued by a port authority for goods deposited is a

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Category: JAMB COMMERCE PAST QUESTIONS

Citizens are against privatization mainly because of

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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

One of the products of an extractive industry is

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is a verbal means of communication

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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

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

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

One of the factors of determining the volume of production is

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Category: JAMB COMMERCE PAST QUESTIONS

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

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