Jamb Commerce 2001 Past Questions and Answers

Question 1:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price

Question 2:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price

Question 3:

• JAMB 2001

A distinguishing characteristic of labour is that it is

A. Constant
B. Expensive
C. Mobile
D. Cost

Question 4:

• JAMB 2001

Land as a factor of production does not vary in?

A. Quantity
B. Nature
C. Quality
D. Cost

Question 5:

• JAMB 2001

Which of the following services does a lawyer render?

A. Industrial services
B. Indirect services
C. Direct services
D. Commercial services