JAMB - Commerce (2019)

• 1

  A partnership may be automatically dissolved due to the following factors except________

  回答

  (A)

  Court verdict
• 2

  One of the disadvantages of Sole Proprietorship is__________

  回答

  (C)

  It lacks specialization
• 3

  In the formation of a united liability company, the following documents are prepared except_______

  回答

  (D)

  Prospectus
• 4

  The process of winding up or bringing a company to an end is________

  回答

  (A)

  Dissolution
• 5

  Use the following information to answer this question.
  
  The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

  Initial Capital	5000
  Net Profit	1000
  Furniture	2000
  Equipment	2900
  Debtors	100
  Stock	1000
  Bank	500

   

  From the above, calculate Current assets

  
   

  回答

  (A)

  1600
• 6

  The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

  Initial Capital	5000
  Net Profit	1000
  Furniture	2000
  Equipment	2900
  Debtors	100
  Stock	1000
  Bank	500

   

  From the above, calculate Fixed assets

   

  回答

  (C)

  4900
• 7

  The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

  Initial Capital	5000
  Net Profit	1000
  Furniture	2000
  Equipment	2900
  Debtors	100
  Stock	1000
  Bank	500

   

  From the above, calculate Current liabilities

  回答

  (C)

  600
• 8

  In a law of contract, what is given in exchange for a promise to perform is_____

  回答

  (D)

  consideration
• 9

  In Nigeria, it is mandatory for all business enterprises to be registered with the________

  回答

  (B)

  Corporate Affairs Commission
• 10

  All but one does not provide an Indirect Service?

  回答

  (B)

  Family Doctors
• 11

  Examples of Commercial occupation are all except___________

  回答

  (D)

  Goldsmith
• 12

  All but one is not an output devices?

  回答

  (A)

  Joystick
• 13

  A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

  回答

  (D)

  Virus
• 14

  The risks that can be forecast and measured is termed___________

  回答

  (B)

  Insurable risks
• 15

  The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

  回答

  (C)

  Marine Insurance
• 16

  Thee major aim of consumer orientation is_________

  回答

  (A)

  consumer satisfaction
• 17

  The policy used when contracts are awarded as a result of tender is________

  回答

  (C)

  Bid Pricing
• 18

  One of these is not a major in the production process?

  回答

  (C)

  Marketers
• 19

  Examples of consumer goods include all except________

  回答

  (B)

  Cars
• 20

  The most important resources of business is_______

  回答

  (A)

  Human resources
• 21

  A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

  回答

  (D)

  Cultural environment
• 22

  An example of vertical integration is___________

  回答

  (A)

  Trust
• 23

  A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

  回答

  (D)

  Parent company
• 24

  The theory of International trade is based on_________

  回答

  (B)

  Principles of comparative cost
• 25

  A fall in the value of a country's currency vis-a-vis other currencies is known as__________

  回答

  (C)

  Devaluation
• 26

  A market is said to be bullish if_________

  回答

  (B)

  There is a rise in prices of Securities
• 27

  One of these is not a factor affecting prices of securities?

  回答

  (D)

  Financial statements of the company
• 28

  A commission charged on postal order is__________

  回答

  (C)

  poundage
• 29

  A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

  回答

  (C)

  Spot cash
• 30

  A cheque that is payable to whoever presents it is known as______

  回答

  (D)

  bearer cheque
• 31

  A two-way process which involves sending and receiving of messages is referred to as__________

  回答

  (B)

  Communication
• 32

  The scope of commerce is limited to________

  回答

  (C)

  trade and aids to trade
• 33

  All but one is not a demerit of advertising?

  回答

  (C)

  Increase in profit
• 34

  Advantages of pipeline transport include all except_______

  回答

  (D)

  Prone to leakages
• 35

  The factors to be considered in setting up retail trade include all except_____

  回答

  (D)

  Age
• 36

  A responsibility to control environmental pollution is the responsibility of____

  回答

  (A)

  The business
• 37

  The following development of money have therefore been the use of, except______

  回答

  (D)

  Abacus
• 38

  Tourism involving residents of the given country travelling only within this country is called__________

  回答

  (A)

  Domestic Tourism
• 39

  The headquarters of Niger Basin Commission is located at________

  回答

  (B)

  Niamey
• 40

  A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

  回答

  (C)

  Warrant
• 41

  The difference between Articles of association and memorandum of Association is that the latter deals

  回答

  (B)

  with the powers and relationships of the company with outsiders
• 42

  All except one is not a corporation and boards at the federal level

  回答

  (D)

  MAN
• 43

  The basic characteristics of co-operative society include all except one

  回答

  (C)

  Amateur Management
• 44

  The basic characteristics of co-operative society include all except one

  回答

  (B)

  It follows the principle of one man
• 45

  Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

  回答

  (A)

  Private limited liability
• 46

  Gross profit

  回答

  (B)

  3000
• 47

  Net profit

  回答

  (C)

  1600
• 48

  Percentage of net profit to turnover

  回答

  (D)

  20%
• 49

  An offer extended to several people at once is called

  回答

  (C)

  Invitation to threat
• 50

  A counter offer is an offer that is

  回答

  (A)

  different from the original offer
• 51

  Services are made up of

  回答

  (C)

  direct and indirect services
• 52

  The assembling of Manufactured products into forms usable by humans is classified as

  回答

  (B)

  Construction occupation
• 53

  Computer that process data in the form of values is

  回答

  (D)

  Analog
• 54

  A memory that can be read and write and is volatile is known as

  回答

  (A)

  RAM
• 55

  You have just bought a new car. What Insurance policy will you take to cover it?

  回答

  (A)

  Accident Insurance
• 56

  A document that embody the conditions and exceptions attached to the contract is

  回答

  (C)

  the policy
• 57

  The communication aspect of the marketing mix is

  回答

  (B)

  Promotion
• 58

  Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as

  回答

  (D)

  Publicity
• 59

  All activities that contribute towards making goods and services available to the people are

  回答

  (C)

  Productive activities
• 60

  Which of these is not a merit of division of labour

  回答

  (D)

  Creates monotony in the work force
• 61

  Which of these is not a merit of division of labour

  回答

  (D)

  Creates monotony in the worktask
• 62

  The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

  回答

  (B)

  planning
• 63

  The provision of qualified managerial and other skilled personnel for an enterprise is called

  回答

  (D)

  Staffing
• 64

  A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried

  回答

  (B)

  Conference
• 65

  The difference between a chamber of commerce and a trade association is that the former

  回答

  (A)

  is not restricted to a particular industry
• 66

  Which of these is a document used in International trade?

  回答

  (C)

  Invoice
• 67

  All but one is not a barriers to foreign trade

  回答

  (D)

  Trade Fair
• 68

  The difference between the buying price and the selling price of a share is referred to as

  回答

  (C)

  Jobber's Profit
• 69

  A bear market is said to be in existence in a period of

  回答

  (B)

  Stump
• 70

  Use the following information to answer this question.
  Oladosu Bookshop
  54, Ahmadu Bello Way
  Kaduna
  P.O.BOOX 336
  6 January 1989
  Olu Stationery ltd
  17, Kakawa Street
  Lagos
  
  Dear Sir,
  We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
  
  Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
  
  Yours Faithfully
  Manager.
  
  The above represents?

  回答

  (C)

  Letters of Inquiry
• 71

  Use the following information to answer this question.
  Oladosu Bookshop
  54, Ahmadu Bello Way
  Kaduna
  P.O.BOOX 336
  6 January 1989
  Olu Stationery ltd
  17, Kakawa Street
  Lagos
  
  Dear Sir,
  We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
  
  Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
  
  Yours Faithfully
  Manager.

  From the question above, the document the firm or organization will send to the buyer is

  回答

  (D)

  Quotations
• 72

  First Bank of Nigeria is an example of

  回答

  (A)

  Commercial bank
• 73

  An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

  回答

  (B)

  Telegram
• 74

  Commerce brings about all except one

  回答

  (C)

  Monotony of work
• 75

  Booklets containing a range of products, their uses and prices are called

  回答

  (C)

  Catalogues
• 76

  All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

  回答

  (B)

  Nigerian Ports Authority
• 77

  What is NPA?

  回答

  (B)

  Nigerian Ports Authority
• 78

  One of these is not part of small-scale retailers

  回答

  (C)

  Supermarkets
• 79

  The Sole aim of government owned business is to

  回答

  (B)

  provide services to the public
• 80

  Which function of money is described in the following statement?
  It serves as a medium through which business transactions are carried out

  回答

  (A)

  Standard for deferred payments s