Jamb Commerce Past Questions and Answers

Question 1141:

• JAMB 2015

Which of the following is classified as an immaterial want?

A. Protection
B. Raw materials
C. Machines
D. Goods and Services

Question 1142:

• JAMB 2015

In product pricing, which of these elements need more consideration than others?

A. The cost of producing the product
B. The economic conditions in the market
C. The demography of the buyers of the product
D. The demand for the product

Question 1143:

• JAMB 2015

The major determinant of fire insurance premium is the

A. Owner of the property
B. Usefulness of the property to the owner
C. Type and structure of the property to be insured
D. Extent of fire damaged anticipated.

Question 1144:

• JAMB 2015

The agency in Nigeria which ensure that products conform to government quality specification is the

A. Nigerian consumers’ association
B. Manufacturers' Association of Nigeria
C. Standard Organization of Nigeria
D. Nigerian Chamber of commerce

Question 1145:

• JAMB 2015

Citizens are against privatization mainly because of

A. Ineffective Management
B. The likely hood of monopoly
C. Increased price of good and services
D. The ration dilation of organizations.