Jamb Commerce Past Questions and Answers

Question 81:

• JAMB 2019

The scope of commerce is limited to________

A. Home and foreign trade
B. Wholesaler and retail trade
C. Trade and aids to trade
D. Wholesale and entreport trade

Question 82:

• JAMB 2019

Use the following information to answer this question.The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate Current assets

A. 1600
B. 1060
C. 1500
D. 600

Question 83:

• JAMB 2020

All but one is not a demerit of advertising?

A. It leads to monopoly
B. Buyers can buy unnecessarily
C. Increase in profit
D. High cost

Question 84:

• JAMB 2020

Advantages of pipeline transport include all except_______

A. Low maintenance cost
B. It is safe
C. Continuous Flow of goods
D. Prone to leakages

Question 85:

• JAMB 2020

The factors to be considered in setting up retail trade include all except_____

A. Capital
B. Experience
C. Location
D. Age