Jamb Commerce Past Questions and Answers

Question 506:

• JAMB 2002

The Stock Exchange is a market where?

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

Question 507:

• JAMB 2002

A retail cooperative society aims at?

A. Hoarding manufactured goods
B. Cutting off the profit of the middlemen
C. Lending money to members at a low interest rates
D. Encouraging members to save money

Question 508:

• JAMB 2002

A bill of exchange already accepted can be discounted by the holder in?

A. The central bank
B. At least two banks
C. His bank
D. Any bank

Question 509:

• JAMB 2002

The document issued by the seller which gives detail of the goods he sells is known as?

A. Catalogue
B. Tender
C. Price list
D. Invoice

Question 510:

• JAMB 2002

Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.
Which of the above is aid to trade?

A. I, ii, iii and Viii
B. Iii, V, Vi and Viii
C. I, ii, iii and Vi
D. Ii, V,Vi, and Vii