Jamb Commerce 2021 Past Questions and Answers

Question 6:

• JAMB 2021

A proforma invoice is not required when ____________

A. Quoting for the supply of good
B. Dealing regularly with a customer
C. Goods are sent on approval
D. Final prices are uncertain

Question 7:

• JAMB 2021

The art of soap making is an example of ____________

A. Tertiary occupation
B. Construction occupation
C. Primary occupation
D. Secondary occupation

Question 8:

• JAMB 2021

The payment made periodically in respect of an insurance policy entered into is known as ____________

A. Surrender
B. Bond
C. Premium
D. Commission

Question 9:

• JAMB 2021

Services rendered to the public is provided by ____________

A. Domestic servants
B. Civil servants
C. Government
D. Professionals

Question 10:

• JAMB 2021

A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a ____________

A. Commission agent
B. Factor
C. Broker
D. Del credere agent