Jamb Commerce 2018 Past Questions and Answers

Question 61:

• JAMB 2018

Excise duties are paid on goods that are?

A. Imported into the country
B. Manufactured within the country
C. Exported to other countries
D. Kept in bonded warehouse

Question 62:

• JAMB 2018

A person who undertakes any risk in insurance business is known as ?

A. A broker
B. An underwriter
C. An insurer
D. An actuary

Question 63:

• JAMB 2018

Bank giro is a system where?

A. Commercial banks can give loan to all customers.
B. A central bank opens accounts for commercial banks
C. A customer uses a cheque to pay several bills.
D. A customer closes his account by writing a cheque

Question 64:

• JAMB 2018

one of the criteria for differenciating consumer markets from industrial ones is the?

A. Type of demand
B. Type of supply
C. Nature of service rendered
D. Price of the goods

Question 65:

• JAMB 2018

The main objective of a trade association can best be described as promoting and protecting ?

A. The product
B. Common interest
C. The market
D. Customer's interest