JAMB - Commerce (2005)
1
A floating policy is an example of?
2
The most important benefit of insurance is that it provides?
3
Which part of the computer system does the keyboard device belong to?
4
The Lake Chad Basin Commission was formed in?
5
A major disadvantage of the privatization policy is that?
Answer(D)
government would loss control of the economy
6
The most important right of the employee in discharging his duties to the employer is the right to?
7
The most dangerous pollution is?
8
The primary objective of consumer protection laws is to ensure that?
Answer(A)
consumers derive maximum satisfaction from goods and services
9
The compensation the insured gets depends heavily on the?
10
The computer that functions by taking discrete numbers and performing mathematical calculations is called?
11
Commercialization of government corporations brings about an increase in the level of?
Answer(C)
competition among business operators
12
The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves?
Answer(B)
face-to-face communication with customers
13
The type of communication from a superior to a subordinate in an organization is referred as?
14
A step-by-step method of carrying out functions in an office is known as?
15
The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the?
16
The media media used for inter-departmental communication include?
Answer(B)
memoranda, circulars and the telephone
17
An instrument that is traded i the second-tier foreign exchange market is?
18
The development of a continer and a graphic design for a product is called?
19
A business firm that is involved in conveying goods or people is known as a?
20
The factors essential for tourism are?
Answer(B)
goods weather, amenties, accessibility and scenery
21
In CIF contracts, risk passes at the time of shipment but the property does not pass until?
Answer(B)
the shipping manifest are signed
22
A partnership is dissolved when?
23
One of the disadvantages of a sole proprietorship is?
24
The most important concept on production is?
25
An acquired firm in a merger will always receive a?
26
Occupations are classified into?
Answer(C)
industry, commerce and serves
27
The Nigerian Telecommunications Limited is a?
28
An engineer in government employ is to be rendering?
29
The availability of goods and services is brought to the notice of customers through?
30
The necessary documents used in foreign trade are?
Answer(C)
voice, shipping note, bill of lading and freight note
31
A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?
32
A type of credit offered by both commercial and merchant banks in Nigeria is?
33
A major function of a chamber of commerce is?
Answer(B)
promoting both home and foreign trade
34
Which of the middlemen in the channel of distribution has tittle to the goods he distributes?
35
Which of the following confirms the accuracy of the duty charged on imported goods?
36
The association that comprises all types of businesses is referred to as?
37
Wholesalers can be divided into?
Answer(D)
merchant wholesales and egent middlemen
38
In Nigeria, the ministry in charge of registering trade associations is that of?
39
Invisible imports consist of?
Answer(C)
consultant services, tourism and banking
40
The bank that discount bills of exchange is the?
41
The market where only indigenous firms are considered is the?
Answer(B)
second-tier securities market
42
Initial public offering is undertaken through the?
Answer(B)
first-tier securities market
43
From which of the following sources can partnerships increase their capital?
Answer(A)
Admission of a new partner
44
The excess of the assets over the liabilities of a business is called?
45
The major participants in the stock market when stock prices are rising generally are the?
