Commerce 2017 Jamb 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