JAMB - Commerce (2002)
1
The most important factor that delayed the development of commerce in Nigeria was?
Răspuns(C)
that there were few developed markets
2
Secondary production has to do with changing the?
Răspuns(B)
physical form of raw materials into finished goods
3
The major responsibility of an entrepreneur is?
Răspuns(A)
Employing all factors of production in the business
4
Which of the following best described the scope of commerce
Răspuns(C)
All occupational exchanges relating to industries and commercial activities
5
Capital as a factor of production can be used as?
Răspuns(C)
Input for further production
6
The agency that currently oversees the privatization and
commercialization process in Nigeria is the?
Răspuns(D)
Bureau of Republic Enterprises
7
Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the ground of
8
Which of the following countries are members of the lake Chad Basin Commission?
9
A core investor in the current phase of privatization in Nigeria is one who?
Răspuns(A)
can afford to buy most of the shares of the enterprises
10
The agency in Nigeria which ensures that products conform to government quality specifications is the?
Răspuns(A)
Standards Organization of Nigeria
11
Awarding scholarships and sponsoring sports by a business organization are example of?
12
The commercialization of public enterprises is aimed at?
Răspuns(A)
increasing efficiency and making the enterprises self-sufficient
13
An author’s exclusive righto his published and unpublished works is known as?
14
Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the?
15
the machine used for sending telex messages is known as a?
16
Which of these insurance principles requires a close connection between the actual loss suffered and the risk insured?
17
The unit through which result of a processed data are displayed is the?
18
Which of the following is used to inform the addressee that a registered parcel is ready for collection?
19
The type of computer commonly found in office is?
20
The mode of transporting crude oil to the ports for export purposes is by
21
The temporary insurance certificate issued to the insured before drawing up a policy is a?
22
The bulls and bears in the Stock Exchange market help to minimize
Răspuns(C)
fluctuations in the prices os securities
23
Debentures differ from shares in that
Răspuns(A)
they are secured on the company's assets
24
The Stock Exchange is a market where?
Răspuns(B)
all types of securities are sold
25
A retail cooperative society aims at?
Răspuns(B)
cutting off the profit of the middlemen
26
A bill of exchange already accepted can be discounted by the holder in?
27
The document issued by the seller which gives detail of the goods he sells is known as?
28
Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.
Which of the above is aid to trade?
29
The organizational structure that relates the positions of specialist to the line mangers is called?
30
A wholesaler who possesses the title of goods he sells is known as?
31
An important principle of a good organization structure is
32
A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a?
33
A contract for the sale of goods involved the?
Răspuns(C)
transfering of the title to goods for money
34
the total of share capital which a company should be allowed to issued is known as?
35
The process of mobilizing, engaging and maintaining workers to work for an organization is referred to as?
36
Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as ?
37
Which of the following involves foreign trade ?
38
Which of the following is a function of employers’ associate?
Răspuns(C)
promotion of workers'welfare
39
Which of the following industries is normally located near the source of its raw materials?
40
One of the most important function of marketing is?
Răspuns(A)
encouraging research activitiesto meets needs
41
Securities on which the buyers are not issued with certificate are called?
42
In product pricing, which of this element needs more consideration than others?
Răspuns(D)
the cost of producing the product
43
The principal objectives of the Central Bank of Nigeria can be classified broadly into?
Răspuns(A)
bankers' bank lender of last resort and issuance of currency
44
The letters E and OE stand for?
Răspuns(B)
errors and omissions expected
45
An important issue for consideration in the product element of the marketing mix is the?
Răspuns(D)
planing and development of the product
