Commerce - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 7:

• JAMB 1995

Spot market goods are those which are available for

A. Immidiate delivery
B. Short-term delivery
C. Long-term delivery
D. End of the delivery

Question 8:

• JAMB 1995

The development of commercial activities in Nigeria was facilitated largely by

A. A good transport system
B. The indigenization decree
C. A convenient medium of exchange
D. A high level of production

Question 9:

• JAMB 1997

A royal charter was granted to the Royal Niger Company to do business in Nigeria in

A. December 1888
B. May 1887
C. July 1886
D. August 1885

Question 10:

• JAMB 1998

Which of the following contributed least to the evolution of commercial activities in Nigeria?

A. Development of banks
B. Development oftransportation
C. Development of trader's unions
D. Development of currencies