JAMB - Commerce (2010)
1
Which Commerce Question Paper is given to you?
2
The wealth of a nation depends on the volume of its?
3
Which of the following can be used to differentiate skilled and unskilled labour?
4
A doctor who attends to patients at home after his official duty is?
5
Manufacturing and constructive activities are classified under?
6
The rewards of rents, wages, interests and profits accrue from?
Answer(C)
land, labour, capital and entrepreneur respectively
7
The factor of production that is subject to depreciation is?
8
Division of labour ultimately leads to?
9
A worker who process rice is engaged in?
10
After-sales service is a function usually rendered by?
11
A trend in retailing which enables consumers to have free access to different products is?
12
The activity which entails buying of goods in bulk and selling in small quantities to retailers is?
13
The comparison of a country's visible and invisible exports and imports expressed in monetary term is?
14
The document that gives an importer a freehand to obtain goods from any manufacturer is?
15
Entrepot trade usually occurs in?
Answer(C)
importing goods to be re-exproted
16
The document issued to a port authority when goods are deposited is a?
17
The details of the goods require by the the purchaser is outlined in?
18
Selling goods in foreign countries at price below their marginal cost is?
19
A process of creating more market for a product is through?
20
One of the merits of television as a medium of of advertising is that it?
Answer(C)
has more sensory stimulation
21
The best mode of ensuring that items posted got to the named address through?
22
A businessman who undertakes the hull insurance policy is aiming at?
Answer(D)
covering damages to the body of the ship
23
An agent who brings a customer into business contact with his principle is known as?
24
A major hindrance to tourism growth in Nigeria is?
Answer(B)
lack of tourism master plan
25
The warehouse that is owned and controlled by the government is a?
26
One of the main features of a partnership is?
Answer(B)
lack of corporate existence
27
An arrangement by independent firms to share the market of their products on quota basis is referred to as?
28
A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?
29
One of the functions of NACCIMA is?
Answer(D)
ensuring uniformity in labour matters and industrial relations
30
A characteristics of money which ensures that its value is not lost is?
31
The instrument used in the capital market is?
32
A prerequisite for admission into the Second Tier Securities Market is for a company to?
Answer(B)
have a minimum of 100 shareholders
33
The three components of staffing are?
Answer(D)
recruitment, selection and placement
34
Which of the following is a matter of personal preference on the part of a superior officer?
35
The conversion of raw materials into finished goods leads to the creation of?
36
The main concern of marketing concept is to?
Answer(B)
identify consumer needs and satisfy them
37
The best pricing strategy for a company that produces warm clothing is?
38
The label on a product such as 'pampers' is a type of?
39
The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through?
40
An opportunity to reject a binding contract at will by a third party is said to be a?
41
An agency contract must involve?
42
The difference between trademark and patent right is that the latter?
Answer(C)
confers monopoly on a product
43
Which of the following is a function of consumerism?
Answer(A)
Protecting consumers' rights
44
A printed copy of processed information from the computer is the?
45
The central working system of a computer used for data processing is the?
