Jamb Commerce Past Questions and Answers

Question 541:

• JAMB 2003

The basic functin of the Nigeria Ports Authority is to?

A. Ensure that the right calibre of personnel is employed at the ports
B. Coordinate and regulate the activities of shipping lines
C. Facilitate and control the movement of goods and services into and out of the country
D. Coordinate the activities of all the seaports in the country

Question 542:

• JAMB 2003

The concept that refers to the sale, transfer or exchange of goods and service is?

A. Industry
B. Trade
C. Tariff
D. Marketing

Question 543:

• JAMB 2003

A guarantee given by one person or party to another in which the integrity of the person is assured is?

A. Fidelity
B. Term assurance
C. Subrogation
D. Indemnity

Question 544:

• JAMB 2003

A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing?

A. Price concept
B. Distribution concept
C. Product concept
D. Markting concept

Question 545:

• JAMB 2003

The payment made periodically in respect of an insurance policy entered into is known as?

A. Bond
B. Commission
C. Premium
D. Surrender value