Jamb Commerce 2015 Past Questions and Answers

Question 1:

• JAMB 2015

$\begin{array}{cc}N& N\\ \text{Capital 8000}& \text{Plant and machinery5000}\\ \text{Net profit 4000}& \text{Motor van 4500}\\ \text{Drawings 200}& \text{Stock 2000}\\ \text{Creditors 2000}& \text{Debtor 1000}\\ \text{Accruals 300}& \text{Bank 100}\\ & \text{Cash 600}\\ 14100& 14100\end{array}$
What is the acid ratio?

A. 1.13 : 1
B. 2 : 1
C. 4.75 : 1
D. 4.25 : 1

Question 2:

• JAMB 2015

$\begin{array}{cc}N& N\\ \text{Capital 8000}& \text{Plant and machinery5000}\\ \text{Net profit 4000}& \text{Motor van 4500}\\ \text{Drawings 200}& \text{Stock 2000}\\ \text{Creditors 2000}& \text{Debtor 1000}\\ \text{Accruals 300}& \text{Bank 100}\\ & \text{Cash 600}\\ 14100& 14100\end{array}$
What is the acid ratio?

A. 1.13 : 1
B. 2 : 1
C. 4.75 : 1
D. 4.25 : 1

Question 3:

• JAMB 2015

The vessels that operate on specific route on high seas and oceans are

A. Coastal Liners and Cargo Liners
B. Cargo Liners and Tramp liners
C. Passenger liners and Tramp liners
D. Passenger Liners and Cargo Liners

Question 4:

• JAMB 2015

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

A. Carrying favour from local people
B. Finding a way to spend excess profit
C. Fulfilling part of its social responsibility
D. Investing its idle fund

Question 5:

• JAMB 2015

The world tourism organization has it headquarters in

A. New York
B. Madrid
C. Paris
D. London