Jamb Commerce 2016 Past Questions and Answers

Question 6:

• JAMB 2016

The winding up of a firm by a resolution of its shareholders is an example of

A. Voluntary liquidation
B. Bankruptcy
C. Recession
D. Involuntary liquidation

Question 7:

• JAMB 2016

Which of the following is used for temporary storage of data on a computer?

A. RAM
B. ROM
C. Floppy disk
D. Flash drive

Question 8:

• JAMB 2016

An advantage of the Second-Tier Securities Market to an economy is in

A. Creating avenues for investment
B. Regulating competition amongst companies
C. Granting financial assistance to consumers
D. Increasing companies profit margins

Question 9:

• JAMB 2016

The lumbering of trees by a furniture company is an example of

A. Primary production
B. Secondary production
C. Tertiary production
D. Direct production

Question 10:

• JAMB 2016

Which of the following types of occupation involues services that can be referred to as auxiliaries trade?

A. Constructive occupation
B. Manufacturing occupation
C. Industrial occupation
D. Commercial occupation