Jamb Commerce 1999 Past Questions and Answers

Question 26:

• JAMB 1999

Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.

A. A manufacturer's warehouse
B. A bonded warehouse
C. An importer's warehouse
D. A wholesaler's warehouse

Question 27:

• JAMB 1999

The three major function unit which the modern computer has are

A. The input the processor and the output units
B. The black box, output and input units
C. BASIC, COBOL and output uits
D. BASIC, the processor and PASCAL

Question 28:

• JAMB 1999

(i)Foreign investment (ii)Long term lending (iii) Short-term borrowing. Which combination of the above include capital account in international trade?

A. I, iii, and iv
B. Ii, iii and iv
C. Ii and iv
D. I and ii

Question 29:

• JAMB 1999

The elimination of fault in a computer programme is called?

A. Console
B. Debug
C. Dump
D. Loop

Question 30:

• JAMB 1999

Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu

A. Is entitled always to a cumulative dividends accruing from the shares
B. Is entitled to the next dividends due to the shares
C. Will not be entitled to the next dividends due to the shares
D. Still owes N3 on the shares which will be subtracted from the dividends