Commerce Past Questions and Answers

Question 4356:

• JAMB 2023

The government agency involved in issuing of export licences is

A. Nigeria Port Authority
B. Customs and Excise Authority
C. Nigeria Export Promotion Council
D. Nigeria Export Processing Zone

Question 4357:

• JAMB 2023

Insurance against burglary is an example of

A. Non-indemnity insurance
B. Non-insurable risk
C. Indemnity insurance
D. Fidelity guarantee insurance

Question 4358:

• JAMB 2023

The concept that refers to the sale, transfer or exchange of goods and services is

A. Trade
B. Tariff
C. Industry
D. Marketing

Question 4359:

• JAMB 2023

At the collapse of a business enterprises, the person appointed to dispose off the assets is called

A. An auctioneer
B. An auditor
C. A broker
D. A liquidator

Question 4360:

• JAMB 2023

An announcement of a person's willingness to enter into a contract is referred to as

A. An acceptance
B. A proxy
C. Consideration
D. An offer