JAMB Commerce 2017 Past Questions

Which of the following legislation aims primarily at the protection of consumers?

A bill of exchange already accepted can be discounted by the holder in ______?

An agreement that is enforceable in law is ________?

The factor of production that is relatively indestructible and immobile is _______?

An instrument used in lieu of legal tender is known as ______?

At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?

The process of converting a non-profit making organisation to a profit-making business is ________?

The letters E and OE stands for __________?

When a buyer has been overcharged for goods supplied, the seller issues a _______?

The fees charged on postal order by the post office is _____?

A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as ____?

The government agency involved in issuing of export licences is _______?

The quality of money that describe its uniformity is

One disadvantages of advertising is that it —

Water corporation is an example of ______?

The concept that refers to the sale, transfer or exchange of goods and services is

Production ends when goods and services ________

What is the reward accruable to land?

A demerit of communication is that it ________

The function of commerce in relation to production is ______

An advantage of division of labour is _______?

A major objective of all business resources is ______

What document is required when a country imposes valorem import duties on goods?

A major function of trade association is to _______

A partnership is dissolved due to ________

Another name or term for a dishonoured cheque is ______

An example of extractive occupation is ______

A major merit of the retaining middlemen is to _______

Goods and services transferred from seller to buyer without immediate payment is referred to as ______

The process of buying and selling and distribution of goods and services is ______

The differences between the central bank and commercial bank is that the former ______

The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __

The stock exchange is a market where _______

One of the determinants of choice of occupation is ______

The production process that combines two or more raw materials into end product is

The part of the computer that has the capacity to interpret instruction is _______

A demonstration of social responsibility by a business is the payment of _______

Risk bearing in business organisation is a function of the _____

The Nigeria Stock Exchange consist of ______

A system where customer patronage is sought by producing what they need is referred to as _______?

The scope of commerce is limited to ________

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

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

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

Land as a factor of production does not vary in _______

The effects of devaluation includes all except _______

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

Factors considered when setting up a retail business is one of the following _________

Any activity directed at conveying commodities to buyers is an aspect _________

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its ______