Jamb Commerce 2023 Past Questions and Answers

Question 31:

• JAMB 2023

One of these is a current asset

A. Machineries
B. Fittings
C. Stock
D. Motor vehicles

Question 32:

• JAMB 2023

The stock exchange is a market where

A. Short-term securities are sold
B. Medium term securities are sold
C. All types of securities are sold
D. Long term securities are sold

Question 33:

• JAMB 2023

Another name or term for a dishonoured cheque is

A. A bearer cheque
B. An open cheque
C. A bounced cheque
D. An order cheque

Question 34:

• JAMB 2023

Why is clean bill of lading called so?

A. It is a clear bill
B. It shows not records of damaged goods
C. It shows records of damaged goods
D. It signifies no debt is owed

Question 35:

• JAMB 2023

What is a quota?

A. Ban on all imported goods
B. A physical restriction placed on quantity of goods that can be imported
C. Tax paid on goods produced within a country
D. Tax paid on goods produced outside a country