Jamb Commerce 1995 Past Questions and Answers

Question 1:

• JAMB 1995

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A. I and II only
B. I andIII only
C. II and III only
D. III and IV only

Question 2:

• JAMB 1995

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking

A. I and II only
B. I andIII only
C. II and III only
D. III and IV only

Question 3:

• JAMB 1995

Freight note is a document

A. Used by government to transport goods from one country to another
B. Issued by a shipping company giving details of charges
C. Used for payment for imported goods
D. Given by an importer to pay for goods at a future period

Question 4:

• JAMB 1995

Spot market goods are those which are available for

A. Immidiate delivery
B. Short-term delivery
C. Long-term delivery
D. End of the delivery

Question 5:

• JAMB 1995

The main advantage of road transport is that it is

A. Convenient and flexible
B. Cheap and direct
C. Common and fast
D. Safe and available