Jamb Commerce 2023 Past Questions and Answers

Question 36:

• JAMB 2023

The four P's of marketing are also known as

A. Marketing mix
B. Product mix
C. Promotion mix
D. Advertising mix

Question 37:

• JAMB 2023

The difference between the central bank and commercial bank is that the former

A. Serves as lender of last resort
B. Discount treasury bills
C. Saves valuable of individual
D. Give loans to the public

Question 38:

• JAMB 2023

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its

A. Marketing responsibilities
B. Managerial responsibilities
C. Economic responsibilities
D. Social responsibilities

Question 39:

• JAMB 2023

The process of buying, selling and distribution of goods and services is

A. Marketing concept
B. Marketing
C. Retail trade
D. Commerce

Question 40:

• JAMB 2023

The Central Bank Monetary policy instrument by which it buys and sells securities is called

A. Open market operation
B. Bank credit
C. Cash reserve ratio
D. Bank rate