Jamb Commerce 1997 Past Questions and Answers

Question 41:

• JAMB 1997

The most important pieces of legislation governing business and commercial activities in Nigeria currently is the

A. Companies degree,1968
B. Trade Disputes degree, 1976
C. Companies and Allied matters degree,1990
D. Banks and Other Financial institution degree,1991

Question 42:

• JAMB 1997

One of the criteria for differentiating consumers markets from industrial ones is the

A. Type of demand
B. Type of supply
C. Nature of the services rendered
D. Price of the goods

Question 43:

• JAMB 1997

Th overriding objective of the food and drug act in Nigeria is too prevent the

A. Importation of food and drug that can be locally manufactured
B. Consumption of food and drug not tested by the minitries of health
C. Adulteration of food and drug sold in the country
D. Manufactures of food and drug from charging excessive prices

Question 44:

• JAMB 1997

The activities of consumers association in Nigeria have not been effective because

A. The consumers are too many
B. The government is not favourabley dispose towards consumerism
C. There is poor enlightenment about consumer rights
D. The consumers have no medium for expressing their feelings

Question 45:

• JAMB 1997

The least of the advantages of indigenization is that

A. The standard of living of the indigenes is improved
B. The economy is controlled by the nationals
C. Enterpreneurals skill is developped
D. Foreigners' domination is avoided