Jamb Commerce 2016 Past Questions and Answers

Question 11:

• JAMB 2016

The transformation of cotton into clothings is an example of

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

Question 12:

• JAMB 2016

A basic concept of advertising that reveals the essential message an advertiser wishes to communicate is referred to as the

A. Medium
B. Theme
C. Targer
D. Reach

Question 13:

• JAMB 2016

The type of wholesaler that combines selling, delivery and collection in one operation is

A. Specialist wholesaler
B. Rack jobber
C. Drop shipment
D. Truck wholesaler

Question 14:

• JAMB 2016

Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)
The formular above can be used to determine the

A. Terms of payment
B. Balance of payments
C. Tearms of trade
D. Import tariffs

Question 15:

• JAMB 2016

Commission on turnover is usually a benefit accruable to the

A. Drawer
B. Drawee
C. Payer
D. Payee