Jamb Commerce 2017 Past Questions and Answers

Question 31:

• JAMB 2017

Goods and services transferred from seller to buyer without immediate payment is referred to as ______

A. Hire purchase
B. Mutual understanding
C. Credit sale
D. Leasing

Question 32:

• JAMB 2017

The process of buying and selling and distribution of goods and services is ______

A. Retail trade
B. Commerce
C. Marketing concept
D. Marketing

Question 33:

• JAMB 2017

The differences between the central bank and commercial bank is that the former ______

A. Discount treasury bills
B. Give loans to the public
C. Saves valuable of individual
D. Serves as lender of last resort

Question 34:

• JAMB 2017

The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __

A. Stroke
B. Consumerism
C. Picketing
D. Demonstration

Question 35:

• JAMB 2017

The stock exchange is a market where _______

A. Long-term securities are sold
B. All types of securities are sold
C. Short-term securities are sold
D. Medium term securities are sold