Jamb Commerce 2017 Past Questions and Answers

Question 1:

• JAMB 2017

Which of the following legislation aims primarily at the protection of consumers?

A. Law of contract
B. Trade description Act
C. Company's Act
D. Partnership Act

Question 2:

• JAMB 2017

Which of the following legislation aims primarily at the protection of consumers?

A. Law of contract
B. Trade description Act
C. Company's Act
D. Partnership Act

Question 3:

• JAMB 2017

A bill of exchange already accepted can be discounted by the holder in ______?

A. The central bank
B. At least two banks
C. His bank
D. Any bank

Question 4:

• JAMB 2017

An agreement that is enforceable in law is ________?

A. A contract
B. An offer
C. An acceptance
D. A consideration

Question 5:

• JAMB 2017

The factor of production that is relatively indestructible and immobile is _______?

A. Capital
B. Labour
C. Land
D. Rent