Jamb Commerce Past Questions and Answers

Question 531:

• JAMB 2002

An advantage of hire purchase to the consumer is the?

A. Economies of scale in production
B. Possession of goods before payment
C. Increase in turnover and profit
D. Low interest rate chargeable

Question 532:

• JAMB 2003

An example of a service-rendering trade association is?

A. Nigeria Bar Association
B. Association of Nigeria Miners
C. Cocoa Farmers' Association
D. Manufacturers' Association of Nigeria

Question 533:

• JAMB 2003

An example of a service-rendering trade association is?

A. Nigeria Bar Association
B. Association of Nigeria Miners
C. Cocoa Farmers' Association
D. Manufacturers' Association of Nigeria

Question 534:

• JAMB 2003

An obstacle to international trade is?

A. Trade imbalance between countries
B. Availiability of local market
C. Quantity and quality of labour
D. Cost of finance

Question 535:

• JAMB 2003

The right of ownership with respect to goods or property is?

A. Right of occupancy
B. Proxy
C. Tittle
D. Certificate of occupancy