Jamb Commerce Past Questions and Answers

Question 766:

• JAMB 2007

The major function of a trade association is that it?

A. Liases with foreign trade associations
B. Helps to promotes foreign trade
C. Facilitates members' access to credit facilities
D. Helps to promote resarch on behalf of members

Question 767:

• JAMB 2007

A major setback of international trade is?

A. Inadequate exports
B. Economic sanctions
C. Devaluation of currency
D. Exchange rate appreciation

Question 768:

• JAMB 2007

Which of the following requires payment into the payee's account?

A. Crossed cheque
B. Traveller's cheque
C. Open cheque
D. Certified chegues

Question 769:

• JAMB 2007

The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

A. Subscriptions
B. Total savings
C. Volume of purchase
D. Contributions

Question 770:

• JAMB 2007

A share premium is an example of?

A. Issued capital
B. Capital stock
C. Equity capital
D. Capital reserve