Meaning and scope of commerce - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price

Question 7:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price

Question 8:

• JAMB 2002

Which of the following best described the scope of commerce

A. All forms of commercial exchanges relating to industry
B. Buying and selling and the construction industry
C. All occupational exchanges relating to industries and commercial activities
D. Buying and selling as well as the extraction of natural resources

Question 9:

• JAMB 2004

The most important function of commerce is?

A. Helping people to improve thir profits
B. Facilitaing exchanges among indiviuals and firms
C. Assisting trade through banking and insurance
D. Enhancing business relationships

Question 10:

• JAMB 2004

The acronym PLC is used to identify a?

A. Company limited by shares
B. Private company limited by shares
C. Public company limited by shares
D. Company limited by guarantee