Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
One of the major function of a chamber of commerce is to
Apromotes and protect trade, industry and agriculture
Badvise members on regulations of other countries
Csettle disputes that arise out of trade
Dpublish books and periodical desired by members
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Question 53
jamb2001
One way government reduces the repatriation of capital is through
Anationalization
Bdivestiture
Cindidenization
Dnaturalization
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Question 54
jamb2001
The maximum number of shareholders in a public liability company is?
Atwenty
Bfifty
Cone hundred
Dunlimited
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Question 55
jamb2001
Who is the offeree in this contract ?
AMusa
BAudu
CAdamu
DJacob
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Question 56
jamb2001
Use the information below to answer question 40 and 41.
Musa rented a room to adamu for N1,500 and N1,000 part-payment was made. Adamu brought Audu and Jacob his friends to stay in the room.
The two friends later paid balance of N500 to Musa.
Who are the parties to the contract of renting the room?
AMusa and Jacob
BMusa and Audu
CAdamu and Musa
DAudu and Jacob
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Question 57
jamb2001
Which of these companies offers after-sales services?
Aiv
Biii
Cii
Di
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Question 58
jamb2001
Which of these companies are more engaged in public activities?
Ai and ii
Bi and iii
Cii and iv
Diii and iv
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Question 59
jamb2001
The most effective type of advertising for branded product is?
Adirect advertising
BIndirect advertising
Cinformative advertising
Dcompetitive advertising
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Question 60
jamb2001
The activities aimed at finding out customers' needs and satisfaction can be described as?
Asocial-marketing
Bmacro-marketing
Cmicro-marketing
Dconceptual marketing
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Question 61
jamb2001
One of the main objectives of the Second-tier Securities Market in Nigeria is to
Aachieved a realistic exchange rate for the naira
Beliminate currency dealings in the black market
Cassist companies to raise capital
Dattract investment flow
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Question 62
jamb2001
The main factors that determine the value of a stock on the stock Exchange are dividend and
Athe psychology of the market
Bcapital gain
Ccapital appreciation
Dwarrant payment
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Question 63
jamb2001
The Nigerian Stock Exchange publishes a daily official list that gives full information on the?
Amethod of transation agreed to by members
Bnumber of participating members in a day
Cchanges in the prices and earnings of securities
Dchanges in the official rules set by the market
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Question 64
jamb2001
One major characteristic of credit unions and thrift societies is that?
Athe legal processes involved in their formation are rigid
Bmembership is compulsory to people in the same line of business
Cthe contribution of every member depends on the member's ability
Da minimum of ten people in the same line of business can form the union
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Question 65
jamb2001
The significance of money to modern economic system is that it?
Ais used as a means of payment
Bpromotes specialization and exchange
Cmeasures value and promotes exchange
Dcauses inflation in the economy
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Question 66
jamb2001
The temporary working area of the central processing unit is called the?
AC-D ROM
BC-D RAM
CROM
DRAM
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Question 67
jamb2001
Which of the following best describes the classification of computer?
AMini-computer, speed and size
BMicro-computer, cost and abilities
CMini-computer, Micro-computer and work station
DMini-computer , hybrid and digital
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Question 68
jamb2001
A documentary bill will normally be accompanied by
A. sales invoice, bill of lading and insurance certificate
Bclean bill, bill of lading, and insurance certificate
Cbill of lading, consular invoice, and insurance certificate
Dconsular invoice, FOB certificate and bill of lading
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Question 69
jamb2001
The major difference between insurance and assurance is that while insurance
Atakes care of uncertainty, assurance takes care of risks
Btakes care of risks , assurance takes care of uncertainty
Chinges on probabilities, assurance is based on possibilities
Dis about indemnity, assurance is about life in the future
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Question 70
jamb2001
Pooling of risk in insurance means that?
Acompensations are paid out of a common fund
Btwo people can pool their risks to be insured
Ctwo insurance companies can buy two policies
Dinsurance companies should encourage taking risks.
