Jamb Commerce 2002 Past Questions and Answers

Question 26:

• JAMB 2002

A retail cooperative society aims at?

A. Hoarding manufactured goods
B. Cutting off the profit of the middlemen
C. Lending money to members at a low interest rates
D. Encouraging members to save money

Question 27:

• JAMB 2002

A bill of exchange already accepted can be discounted by the holder in?

A. The central bank
B. At least two banks
C. His bank
D. Any bank

Question 28:

• JAMB 2002

The document issued by the seller which gives detail of the goods he sells is known as?

A. Catalogue
B. Tender
C. Price list
D. Invoice

Question 29:

• JAMB 2002

Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.
Which of the above is aid to trade?

A. I, ii, iii and Viii
B. Iii, V, Vi and Viii
C. I, ii, iii and Vi
D. Ii, V,Vi, and Vii

Question 30:

• JAMB 2002

The organizational structure that relates the positions of specialist to the line mangers is called?

A. Line structure
B. Staff structure
C. Line and staff structure
D. Functional structure