Jamb Commerce 2016 Past Questions and Answers

Question 31:

• JAMB 2016

One of the factors of determining the volume of production is

A. Availablity of forex
B. Availability of storage facilities
C. The location of the business
D. The number of skilled manpower

Question 32:

• JAMB 2016

The minimum lending rate of a bank is a component of its

A. Current assets
B. Debit balances
C. Credit balance
D. Fixed assets

Question 33:

• JAMB 2016

Which of the following is the best method for computing working capital

A. Total assets less current liabilities
B. Current liabilities less current assets
C. Fixed liabilities less current assets
D. Current assets less current liabilities

Question 34:

• JAMB 2016

One of the functions of the Nigerian Ports Authority is that it

A. Gives preferential treatment to Nigerian investors
B. Provides credit facilities to importers
C. Encourages the growth of infant industries
D. Provides warehosing facilities at the docks

Question 35:

• JAMB 2016

An ancillary to trade which promotes socio - cultural development all over the world is

A. Transportation
B. Communication
C. Tourism
D. Insurance