Jamb Commerce 2023 Past Questions and Answers

Question 1:

• JAMB 2023

A major function of chamber of is

A. Promoting both home and foreign trade
B. Increasing productivity
C. Promoting trade in a particular line
D. Maximizing profit

Question 2:

• JAMB 2023

The fees charged on postal order by the post office is

A. Premium
B. Poundage
C. Interest
D. Brokerage

Question 3:

• JAMB 2023

An advantage of division of labour is

A. Productivity and total output is increased
B. Monopoly od task is eliminated
C. Interdependence of workers increase remuneration
D. Loss of individual craftmanship is minimized

Question 4:

• JAMB 2023

Which is the fastes means of transportation?

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

Question 5:

• JAMB 2023

Factors considered when setting up a retail business is one of the following

A. Capital, experience and trading
B. Experience, term of trade and trading
C. Capital, trading and term of trade
D. Capital, type of goods and source of supply