JAMB Commerce 2022 Past Questions

An article used as a means of exchange in the early days of trade in West Africa was

The provision of services is classified under

The growth of commerce is not enhanced by

One of the products of the construction industry is a

The service of a retailer is part of production because it

The resources put together to create goods and services are

Which of the following organizations provide essential goods and services at low cost to citizens?

A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

Average stock is derived by adding

A retail business that sells goods by post, using catalogue is a

Which of the following documents would a shareholder inspect to know his voting rights?

An internal source of finance to an enterpreneur is

Use the information below to answer questions 13 and 14

Use the information below to answer questions 13 and 14

A partner who contributes only his name to the formation of a partnership is

Which of the following groups would advocate for the supply of constant electricity to households?

A retail store that sells a single product from a particular manufacturer is a

A country's visible balance of payment is made up of

The quality of money which makes it possible to buy goods in small quantities is

One of the functions of commerical banks that cannot be performed by central banks is

A document that instructs an agent to buy goods from a named firm is

The incentive given to a buyer to encourage prompt payment is

The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is

Dealers in stock exchange such as bulls, bears and stags are categorized as

Which of the following is not a characteristic of a commercial bank?

Central banks sell treasury bills to the public to

A document used to ensure correct payment of duty at the importing country is

A cheque is specially crossed if

One of the functions of a trade association is to

When a share with a nominal value of #50 is quoted at #70, it is being sold

Sea vessels that do not operate on regular times and routes are

Payment made to a carrier for transportation of goods is

An advantage of rail transport is that it

The commission on a postal order is

Consumers could be encouraged to purchase a company's product through

The marketing concept emphasizes

An undertaking to repair a customer's vehicle for a certain period after it has been sold is

Which of the following is not a right of a consumer?

Advertisement which is geared towards a particular audience is

The law by which a seller transfers the property in goods to a buyer at an agreed price is the

Commerce is defined as

The type of occupation that a broker belongs to is

A form of money which was not used in the early days of trade is

Which of the following activities is not an example of the extractive industry?

A business unit in which savings of members are lent to others is a

The document issued by a public company allowing it to commence business is the

Which of the following is not a function of a consumer association?

An association formed by computer distributors to safeguard and promote their interest is a

The issue of prospectus by a company is an invitation to members of the public to

Examples of current assets are