Jamb Commerce 2002 Past Questions and Answers

Question 6:

• JAMB 2002

Capital as a factor of production can be used as?

A. Money that is regarded as assets
B. Goods that are useful in business
C. Input for further production
D. Services that provide satisfaction

Question 7:

• JAMB 2002

The agency that currently oversees the privatization and
commercialization process in Nigeria is the?

A. Securities and Exchange Commission
B. Technical Committee on privatization and commercialization
C. Nigeria Stock Exchange
D. Bureau of Republic Enterprises

Question 8:

• JAMB 2002

Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the ground of

A. Bankruptcy
B. Frustration
C. Fraudulence
D. Breach of contract

Question 9:

• JAMB 2002

Which of the following countries are members of the lake Chad Basin Commission?

A. Niger and Cameroun
B. Benin and Nigeria
C. Chad and Benin
D. Nigeria and Mali

Question 10:

• JAMB 2002

A core investor in the current phase of privatization in Nigeria is one who?

A. Can afford to buy most of the shares of the enterprises
B. Will be at the core of the enterprises
C. Can mobilize foreign currency equivalent to the value of the enterprises
D. Has the technical know-how of the enterprises