Jamb Commerce 2017 Past Questions and Answers

Question 46:

• JAMB 2017

The type of activity which turns processed raw materials into consumer and industrial goods is described as ________

A. Extractive
B. Manufacturing
C. Constructive
D. Processing

Question 47:

• JAMB 2017

Land as a factor of production does not vary in _______

A. Quantity
B. Nature
C. Quality
D. Cost

Question 48:

• JAMB 2017

The effects of devaluation includes all except _______

A. Exports become cheaper
B. Expansion of local industries
C. Increase in standard of living
D. Increase in import

Question 49:

• JAMB 2017

The production of goods and services in anticipation of demand is made possible by _______

A. Packaging
B. Warehousing
C. Branding
D. Advertising

Question 50:

• JAMB 2017

Factors considered when setting up a retail business is one of the following _________

A. Capital, experience and trading
B. Experience, term of trade, and trading
C. Capital, trading and term of trade
D. Capital, type of goods and source of supply