JAMB COMMERCE PAST QUESTIONS

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JAMB COMMERCE PAST QUESTIONS

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

Labour as an input in production can be motivated by

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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

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

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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

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

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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 effects of devaluation includes all except _______

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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

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

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

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

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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

Trade fairs in Nigeria are organized by

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Category: JAMB COMMERCE PAST QUESTIONS

Privatization is

15 / 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

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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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

Bank overdraft as a short term source of fund is

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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 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

Land as a factor of production does not vary in _______

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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 payment for direct service is usually made by the

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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 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

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

One of the factors of determining the volume of production is

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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

One of these is a current asset

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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

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

33 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is a legal tender?

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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________

35 / 60

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

Thee major aim of consumer orientation is_________

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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

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

39 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Examples of consumer goods include all except________

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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

41 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Citizens are against privatization mainly because of

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

44 / 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 Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Fixed assets

45 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The duties paid on goods produced locally is

46 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following functions is not performed by warehousing?

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Category: JAMB COMMERCE PAST QUESTIONS

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

48 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

49 / 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 Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current liabilities

50 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following best describes an invoice?

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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 Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current assets

52 / 60

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

Current account holders withdraw money through

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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

Cooperation and friendliness are enhanced among nations through interdependence necessitated by

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Category: JAMB COMMERCE PAST QUESTIONS

Communication enhances business activities by

57 / 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

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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

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

60 / 60

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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