Jamb Commerce 2002 Past Questions and Answers

Question 1:

• JAMB 2002

The most important factor that delayed the development of commerce in Nigeria was?

A. A.the inefficient means of communication
B. That there were few entrepreneurs
C. That there were few developed markets
D. Secondary production has to do with changing the?

Question 2:

• JAMB 2002

The most important factor that delayed the development of commerce in Nigeria was?

A. A.the inefficient means of communication
B. That there were few entrepreneurs
C. That there were few developed markets
D. Secondary production has to do with changing the?

Question 3:

• JAMB 2002

Secondary production has to do with changing the?

A. Shape of raw materials through construction operations
B. Physical form of raw materials into finished goods
C. Utility of raw materials by an engineering process
D. Nature of raw materials through manufacturing processes

Question 4:

• JAMB 2002

The major responsibility of an entrepreneur is?

A. Employing all factors of production in the business
B. Coordinating and determining the proportion of what to produce
C. Planning and organizing all activities in the business
D. Directing and controlling all the affairs of the business

Question 5:

• JAMB 2002

Which of the following best described the scope of commerce

A. All forms of commercial exchanges relating to industry
B. Buying and selling and the construction industry
C. All occupational exchanges relating to industries and commercial activities
D. Buying and selling as well as the extraction of natural resources