Commerce 2018 Jamb Past Questions and Answers

Question 21 :

• JAMB 2018

In Nigeria, the ministry in charge of registering trade association is that of

A. Culture and tourism
B. Finance
C. Industries
D. Commerce

Question 22 :

• JAMB 2018

Why is clear bill of lading called so?

A. It shows records of damaged goods
B. It shows no records of damaged goods
C. It is a clear bill
D. It signifies no debt is owed

Question 23 :

• JAMB 2018

Which is the fastest means of transportation?

A. Water
B. Air
C. Rail
D. Road

Question 24 :

• JAMB 2018

A company which issues a promissory note in lieu of payment for goods purchased

A. Is not bound to renew the note before payment
B. Can return the goods purchased and refuse to pay
C. Can refuse to pay on due date since it is only a promise
D. Is bound to redeem the note for cash on due date

Question 25 :

• JAMB 2018

The maximum number of shareholders in a public liability company is

A. One hundred
B. Unlimited
C. Fifty
D. Twenty