Jamb Commerce 2019 Past Questions and Answers

Question 121:

• JAMB 2019

All except one is not a corporation and boards at the federal level

A. FRCN
B. NNPC
C. CBN
D. MAN

Question 122:

• JAMB 2019

The basic characteristics of co-operative society include all except one

A. It is managed democratically
B. It follows the principle of one man
C. Amateur Management
D. Extra capital is raised through loan

Question 123:

• JAMB 2019

The basic characteristics of co-operative society include all except one

A. It is managed democratically
B. It follows the principle of one man
C. Amateur Management
D. Extra capital is raised through loan

Question 124:

• JAMB 2019

Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

A. Private limited liability
B. Public limited liability
C. Partnership
D. Co-operative society

Question 125:

• JAMB 2019

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

	₦		₦
Opening stockPurchase	10007000	Sales	8000
Closing Stock	3000

Trading Expenses

ElectricitySalariesRentDepreciations

₦135875180210

From the figures given, calculate


Gross profit

A. 300
B. 3000
C. 6000
D. 11000