Jamb Commerce Past Questions and Answers

Question 721:

• JAMB 2006

A trade association consists of members engaged in the same trade while a chamber of commerce is?

A. Highly regulated by agovernent agency
B. Not restricted on a particular industry
C. Made up of members that are registered
D. Made up of firms in the banking industry

Question 722:

• JAMB 2006

Hire purchase is beneficial to the seller because?

A. It enhances his living standard
B. It increases his turnover
C. People pay instalmentally
D. Of the patronage he enjoys

Question 723:

• JAMB 2006

Consumerism aims at protecting the consumer from?

A. Harmful products
B. Drug addiction
C. Smoking cigarettes
D. Alcohol consumption

Question 724:

• JAMB 2006

The major types of warehouse are?

A. Manufacturer, bonded, departemental and private
B. Bonded, public, coldroom and private
C. Manufacturer, bonded, public and departmental
D. Wholesaler, manufacturer, public and bonded

Question 725:

• JAMB 2006

The Customs and Excise Department is responsible for the the collection of?

A. Royalties
B. Tariffs
C. Taxes
D. Charges