Jamb Commerce 2009 Past Questions and Answers

Question 11:

• JAMB 2009

The most commonly used commercial documents are?

A. Order notes, debit notes, invoices and quotations
B. Letters of enquiry, consignment notes, receipts and invoices
C. Credit notes, statement of accounts, depatch order and bills
D. Balance sheet, receipts, invoices and manifest

Question 12:

• JAMB 2009

The term free on board means that the price includes?

A. Costs and insurance only
B. Costs and freight only
C. Freight and insurance only
D. Costs, insurance and freight

Question 13:

• JAMB 2009

If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?

A. N56 250
B. N43 750
C. N43 250
D. N6250

Question 14:

• JAMB 2009

A cheque which a bank draws on its own funds is a?

A. Bankdraft
B. Cashier's cheque
C. Bank cheque
D. Crossed cheque

Question 15:

• JAMB 2009

Billboards and posters are forms of?

A. Electronic media
B. Print media
C. Outdoor media
D. Window display media