JAMB COMMERCE PAST QUESTIONS

0%
16

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

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

2 / 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

3 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

4 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Citizens are against privatization mainly because of

5 / 60

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

6 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The application of division of labour would generally bring about

7 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the disadvantages of rail transport is

8 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

9 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

10 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

11 / 60

Category: JAMB COMMERCE PAST QUESTIONS

All but one does not provide an Indirect Service?

12 / 60

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

13 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The scope of commerce is limited to ________

14 / 60

Category: JAMB COMMERCE PAST QUESTIONS

A market where new shares are tracked is known as

15 / 60

Category: JAMB COMMERCE PAST QUESTIONS

An important feature of land is that it

16 / 60

Category: JAMB COMMERCE PAST QUESTIONS

What is a Quota?

17 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

18 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the followingis a modern trend in retailing ?

19 / 60

Category: JAMB COMMERCE PAST QUESTIONS

All but one is not an output devices?

20 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Trade fairs in Nigeria are organized by

21 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The world tourism organization has it headquarters in

22 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The risks that can be forecast and measured is termed___________

23 / 60

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

24 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

25 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is a legal tender?

26 / 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

27 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Land as a factor of production does not vary in _______

28 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The business unit that applies the principle of one man, one vote is ______

29 / 60

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

30 / 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

31 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The most important resources of business is_______

32 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

33 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the major determinants of the volume of production is

34 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Current account holders withdraw money through

35 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of the products of an extractive industry is

36 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

37 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following is classified as an immaterial want?

38 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

39 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Thee major aim of consumer orientation is_________

40 / 60

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

41 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

42 / 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_________

43 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

44 / 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________

45 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Labour as an input in production can be motivated by

46 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

47 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

48 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The effects of devaluation includes all except _______

49 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Examples of Commercial occupation are all except___________

50 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Which of the following best describes an invoice?

51 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

52 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Bank overdraft as a short term source of fund is

53 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

54 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

55 / 60

Category: JAMB COMMERCE PAST QUESTIONS

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

56 / 60

Category: JAMB COMMERCE PAST QUESTIONS

Communication enhances business activities by

57 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The duties paid on goods produced locally is

58 / 60

Category: JAMB COMMERCE PAST QUESTIONS

In the law of contact, a counter offer operates as

59 / 60

Category: JAMB COMMERCE PAST QUESTIONS

The development of commerce in west Africa was not hampered by

60 / 60

Category: JAMB COMMERCE PAST QUESTIONS

One of these is a current asset

Your score is

0%

2 thoughts on “JAMB COMMERCE PAST QUESTIONS”

Leave a Comment

Your email address will not be published. Required fields are marked *

Get Fully Funded Scholarships

Free Visa, Free Scholarship Abroad

           Click Here to Apply

Acadlly