JAMB Commerce 2020 Past Questions

A distinguishing characteristic of a limited liability company is that

Freight note is a document

Which of the following are the components of commerce?

I. trading and advertising
II. warehousing and transportation
III. packing and branding
IV. Insurance and banking

Extractive industries may also be denominated as

A common requirement for public and private limited companies in Nigeria is that

Mr. Olatunde took up a fire insurance on a property valued at ₦1000 and the amount insured is ₦80. Thee ₦400. If the property caught fire causing a loss of insurance was taken with the clause with average what is the amount to be paid bý the insurance company?

One major characteristic of credit unions and thrift societies is that

An author's exclusive right to his published and unpublished works is known as

The management function that makes the difference in intensity of behavior is

Charges for loans paid by commercial banks to the Central Bank of Nigeria are called

The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves

One of the disadvantages of sole proprietorship is

Use the diagram above to answer this question

X represents

Use the diagram above to answer this question

In the communication process. Y represents

One of the functions of the Nigeria Ports Authority is the provision of

The scope of economic activities can be enlarged by

Given:

I. shoe maker
II. policemen
III. fishermen
IV. Gardener
V. Broker.

The persons engaged in primary Occupation are

Ships used for international transport are

The process of eliminating a virus from computer is the

A customer with ABC Plc sent money through his account to his sister's account in another branch. This Is an example of

One of the merits of television as a medium of advertising is that it

The central working system of a computer used for data processing is the

An example of a computer operating system is

The arrangement and interrelationship of the various components and positions of a business is referred to as

Given:
                                                 ₦
Opening Stock                      1,800
Purchases                              2,800
Sales                                       8,000
Closing stock                            350
Carriage on sales                     500

Calculate the value of the unused stock.

Modern means of payment is greatly facilitated by

A country is said to be experiencing an unfavourable balance of trade if her

An undertaking given by a person to another assuring his integrity is

The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is

Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by

Given:
                                     ₦
Sales                          15,000
Opening stock            5,600
Purchases                    9,700
Closing stock               4,400
Gross profit                  4,500
Net profit                      2,000

From the above data, calculate the rate of turnover

From the diagram above, what does I stand for?

The agency that currently oversees the privatization and commercialization processes in Nigeria is the

A doctor who attends to patients at home after his official duty is

The process of dividing tasks into jobs and departments and delegating authority is known as

Which of the following attracts only interest but leaves the capital unpaid?

The above chart represents the

The main documents sent to an importer of goods by the exporter are

NACCIMA stands for 

The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is