Jamb Commerce 2002 Past Questions and Answers

Question 41:

• JAMB 2002

One of the most important function of marketing is?

A. Encouraging research activitiesto meets needs
B. Creating classesof merchant among businessmen
C. The extension of market for businessmen
D. Providing finances to business

Question 42:

• JAMB 2002

Securities on which the buyers are not issued with certificate are called?

A. Authorized securities
B. Inscribed securities
C. Bearer securities
D. Registered securities

Question 43:

• JAMB 2002

In product pricing, which of this element needs more consideration than others?

A. The demand for the product
B. The demography of the buyers of the product
C. The economic conditions in the markkets
D. The cost of producing the product

Question 44:

• JAMB 2002

The principal objectives of the Central Bank of Nigeria can be classified broadly into?

A. Bankers' bank lender of last resort and issuance of currency
B. Service, currency management and financial intermediation
C. Banking services, foreign exchange operations and open markets operations
D. Service, monetary policy and developmental functions

Question 45:

• JAMB 2002

The letters E and OE stand for?

A. Errors of exception
B. Errors and omissions expected
C. Estimate and order error
D. End of error