JAMB - Commerce (2006)
1
Tourism can be classified as?
2
The input, output and central processing units are the basic components of a computer's?
3
An employer insures against his employees' dishonesty by taking up?
תְשׁוּבָה(A)
fidelity guarantee insurance
4
Payment made to the insured by the insurer outside its legal obligation is?
5
An important social reason for development tourism in Nigeria is the?
תְשׁוּבָה(A)
promotion of culture interaction
6
The mode of transportation that conveys a limited variety of products through fixed laid routes is?
7
A computer that can be used in weather forecast is?
8
The setting of objectives for an organization and determining how to accomplish them is?
9
An aspect of marketing that stimulates buying by providing free gifts is?
10
The limit of functions, activities and personnel that a supervisor can effectively manage in a business organization is?
11
A seller attracts and retains patronage by?
תְשׁוּבָה(C)
rendering pre-sales services
12
A bond which attracts only interest but leaves the capital unpaid is referred to as?
13
A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.
If the shares were fully subscribed, calculate the issued capital?
14
The main requirement for admission to the second-tier securities markets is the?
תְשׁוּבָה(B)
disclosure of all trading activities
15
Which of the following is a development bank in Nigeria?
16
Trading on the stock exchange in anticipation of price change in the market value of shares is?
17
A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a?
18
A current account is beneficial to its holder as?
תְשׁוּבָה(A)
cheques can be issued to anybody
19
The conversion of raw materials into finished products creates?
20
The factor which critically determines the choice of occupation is?
21
Capital to a business is technically?
22
i. Wholesaler
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?
23
The development of commerce resulted from?
24
The difference between a private and public limited liability company is that the former?
תְשׁוּבָה(A)
is unable to offer shares to the public
25
Materials used for further production of goods and services are known as?
26
A liquidator's fee is to be charged to the?
27
The safety and quality of products are the social responsibility of?
תְשׁוּבָה(A)
the Standards Organization of Nigeria
28
A feature common to privatization and commercialization is?
29
A protection right which can be reviewed or renewed after seven years is known as?
30
The headquarters of the lake Chad Basin Commission is in?
31
In Nigeria, the main source of pollution is?
32
Safeguarding the health of the nation' is the slogan used by?
33
When one person approves an act previously done by another in the former's name without authority, this is known as?
34
The most important advantage of privatization is the enhancement of?
35
The members of ECOWAS include?
תְשׁוּבָה(D)
Togo, Niger, Nigeria and Ghana
36
A trade association consists of members engaged in the same trade while a chamber of commerce is?
תְשׁוּבָה(B)
not restricted on a particular industry
37
Hire purchase is beneficial to the seller because?
תְשׁוּבָה(B)
it increases his turnover
38
Consumerism aims at protecting the consumer from?
39
The major types of warehouse are?
תְשׁוּבָה(D)
wholesaler, manufacturer, public and bonded
40
The Customs and Excise Department is responsible for the the collection of?
41
A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a?
42
An objective of the farmers' association is to?
תְשׁוּבָה(A)
ensure that the prices of goods are fair and reasonable
43
The documents used in the purchase and sale of goods which contain other terms of trade are?
44
In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?
45
The role of a wholesaler in the channel of distribution is to?
תְשׁוּבָה(C)
buy goods in large quantities and sell in small quantities
