Jamb Commerce 2018 Past Questions and Answers

Question 11:

• JAMB 2018

One of these is a current asset

A. Fittings
B. Machineries
C. Motor vehicles
D. Stock

Question 12:

• JAMB 2018

From which of the following sources can partnership increase their capital?

A. Sales of shares
B. Admission of new partners
C. Discharge of mortgage
D. Grants from relatives

Question 13:

• JAMB 2018

One of the disadvantages of rail transport is

A. It is not flexible
B. It carries bulky goods
C. It works at intervals
D. Cost of transportation is high

Question 14:

• JAMB 2018

The Central Bank Monetary policy instrument by which it buys and sells securities is called

A. Bank rate
B. Cash reserve ratio
C. Open market operation
D. Bank credit

Question 15:

• JAMB 2018

The duties paid on goods produced locally is

A. Ad-valorem duty
B. Excise duty
C. Export duty
D. Quota