Jamb Commerce 2000 Past Questions and Answers

Question 26:

• JAMB 2000

A console is a device used in

A. Moving an indicator on the screen
B. Communicating between operator and programmer
C. Holding magnetic tape reel
D. Forming characters by heating sensitive ribbon

Question 27:

• JAMB 2000

A form of money that has gone out of use is?

A. Paper money
B. Bank money
C. Commodity money
D. Foreign money

Question 28:

• JAMB 2000

The major condition for obtaining loan in thrift, credit and loans cooperative societies is

A. Provision of collateral security
B. A high level of education
C. Possesssion of a large business
D. An approved project plan

Question 29:

• JAMB 2000

The stock Exchange helps to provide capital for of industrial project because it

A. Determines value of shares, stocks and other securities
B. Assist government in implementing its monetary plicies
C. Assist companies to exchange their securities into cash
D. Renders agency services to organizations and government

Question 30:

• JAMB 2000

A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it

A. Serves as a mechanism for evaluating an unrealistic exchange rate for the naira
B. Creates unhealthy competition amongst users of foreign exchange
C. Contributes to destabilizing national resource allocation
D. Contributes to flooding the market with foreign essential commodities