Jamb Commerce 2023 Past Questions and Answers

Question 66:

• JAMB 2023

An agreement that is enforceable in law is

A. A contract
B. An acceptance
C. An offer
D. A consideration

Question 67:

• JAMB 2023

One of the functions of a retailer is the

A. Breaking of bulk
B. Provision of credit facilities to relations
C. Provision of jobs for customers
D. Financing of production activities

Question 68:

• JAMB 2023

A business organization that exploits the capabilities of a member to remedy the weakness of another is a

A. Joint venture
B. Partnership
C. Nominal partnership
D. Cooperative

Question 69:

• JAMB 2023

The government agency involved in issuing of export licences is

A. Nigeria Port Authority
B. Customs and Excise Authority
C. Nigeria Export Promotion Council
D. Nigeria Export Processing Zone

Question 70:

• JAMB 2023

Insurance against burglary is an example of

A. Non-indemnity insurance
B. Non-insurable risk
C. Indemnity insurance
D. Fidelity guarantee insurance