JAMB COMMERCE PAST QUESTIONS (UTME)

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JAMB COMMERCE PAST QUESTIONS

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

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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 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

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

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 development of commerce in west Africa was not hampered by

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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

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

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Category: JAMB COMMERCE PAST QUESTIONS

Which of the following functions is not performed by warehousing?

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Category: JAMB COMMERCE PAST QUESTIONS

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

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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

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

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

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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

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

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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

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

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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

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

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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

One of the disadvantages of Sole Proprietorship is__________

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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

All but one is not an output devices?

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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

keeping the goods safe until they and needed

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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

Which of the following is a verbal means of communication

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Category: JAMB COMMERCE PAST QUESTIONS

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

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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

Citizens are against privatization mainly because of

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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

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

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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 functions of the Nigerian Ports Authority is that it

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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

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 board of directors of public enterprise is appointed by who?

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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

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

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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

Thee major aim of consumer orientation is_________

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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

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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

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

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

 

From the above, calculate Fixed assets

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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

The duties paid on goods produced locally is

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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

A market where new shares are tracked is known as

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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 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 classified as an immaterial want?

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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

The major determinant of fire insurance premium is the

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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

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

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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

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

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Category: JAMB COMMERCE PAST QUESTIONS

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

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