Commerce 2010 Jamb Past Questions and Answers

Question 26 :

• JAMB 2010

The warehouse that is owned and controlled by the government is a?

A. Wholesalers' warehouse
B. Public warehouse
C. State warehouse
D. Manufaturers' warehouse

Question 27 :

• JAMB 2010

One of the main features of a partnership is?

A. Limited liability
B. Lack of corporate existence
C. Unlimited membership
D. Lack of utual confidence

Question 28 :

• JAMB 2010

An arrangement by independent firms to share the market of their products on quota basis is referred to as?

A. Trust
B. Integration
C. Syndicate
D. Cartel

Question 29 :

• JAMB 2010

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

A. N60,000
B. N36,000
C. N54,000
D. N90,000

Question 30 :

• JAMB 2010

One of the functions of NACCIMA is?

A. Negotiating with labour unions in matters of wages and conditions of service
B. Pooling of members' resources for long-term investment
C. Disseminating information to members on matters relating to tariffs
D. Ensuring uniformity in labour matters and industrial relations