Jamb Commerce Past Questions and Answers

Question 1231:

• JAMB 2016

One of the major reasons for merger is to

A. Reduce the number of unskilled manpower
B. Increase the number of skilled manpower
C. Prevent liquidation
D. Liberalize the market

Question 1232:

• JAMB 2017

Which of the following legislation aims primarily at the protection of consumers?

A. Law of contract
B. Trade description Act
C. Company's Act
D. Partnership Act

Question 1233:

• JAMB 2017

Which of the following legislation aims primarily at the protection of consumers?

A. Law of contract
B. Trade description Act
C. Company's Act
D. Partnership Act

Question 1234:

• JAMB 2017

A bill of exchange already accepted can be discounted by the holder in ______?

A. The central bank
B. At least two banks
C. His bank
D. Any bank

Question 1235:

• JAMB 2017

An agreement that is enforceable in law is ________?

A. A contract
B. An offer
C. An acceptance
D. A consideration