Regulatory agencies - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 1994

The comprehensive import supervision scheme was set up by the federal government in order to

A. Reverse Nigeria's unfavourable balance of trade
B. Promote fair trade between Nigeria and other countries
C. Counteract all fraudulent business deals of Nigeria with other nationals
D. Ensue that import into Nigeria are of the correct quality, value and quantity

Question 3:

• JAMB 1994

Which of the following has power to order withdrawal of a particular food item from circulation?

A. Standard organisation of Nigeria
B. Federal High courts in Nigeria
C. Food and Drug Department of the Federal Ministry of health
D. Local government health inspector

Question 4:

• JAMB 1994

NACCIMA stands for

A. Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
B. Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
C. National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
D. Nigerian association of Chambers of commerce, Industries, Mines and Agriculture

Question 5:

• JAMB 2019

In Nigeria, it is mandatory for all business enterprises to be registered with the________

A. Government
B. Corporate Affairs Commission
C. Agent
D. Enterprise