Jamb Commerce Past Questions and Answers

Question 116:

• JAMB 2019

The difference between the buying price and the selling price of a share is referred to as

A. Commission
B. Profit
C. Jobber's Profit
D. Turnover

Question 117:

• JAMB 2019

A bear market is said to be in existence in a period of

A. Boom
B. Stump
C. Bullish
D. Stagflation

Question 118:

• JAMB 2019

Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos


Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.


Yours Faithfully
Manager.
The above represents?

A. A quotation
B. Consignment notes
C. Letters of Inquiry
D. An order form

Question 119:

• JAMB 2019

Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos


Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.


Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.


Yours Faithfully
Manager.


From the question above, the document the firm or organization will send to the buyer is

A. Delivery notes
B. Advice notes
C. An order form
D. Quotations

Question 120:

• JAMB 2019

First Bank of Nigeria is an example of

A. Commercial bank
B. Central bank
C. Development bank
D. Merchant bank