Jamb Commerce 2022 Past Questions and Answers

Question 1:

• JAMB 2022

One advantage of small scale retail outlets is

A. Availability of self service facilities
B. Ability to buy in bulk
C. Easy acess to large amount of capital
D. Personal attention to customers

Question 2:

• JAMB 2022

A discount deducted from the invoice price of goods to enable the retailer to make profit

A. Cash discount
B. Functional discount
C. Trade discount
D. Seasonal discount

Question 3:

• JAMB 2022

A document issued by the seller's own courier and signed by the customer to acknowledge receipt of the goods is

A. Advice note
B. Consignment note
C. Delivery note
D. Freight note

Question 4:

• JAMB 2022

A request for goods from another country by an importer would be made using

A. An invoice
B. An indent
C. An order
D. A quotation

Question 5:

• JAMB 2022

The right to buy or sell stock in the stock exchange within a stipulated period is

A. Option
B. Contango
C. Backwardation
D. Brokerage