Jamb Commerce Past Questions and Answers

Question 1261:

• JAMB 2017

A major merit of the retaining middlemen is to _______

A. Pay cash to the bank: for manufacturers
B. Stock perishable goods
C. Regulate price for manufacturers
D. Stock goods produced by different manufacturer

Question 1262:

• JAMB 2017

Goods and services transferred from seller to buyer without immediate payment is referred to as ______

A. Hire purchase
B. Mutual understanding
C. Credit sale
D. Leasing

Question 1263:

• JAMB 2017

The process of buying and selling and distribution of goods and services is ______

A. Retail trade
B. Commerce
C. Marketing concept
D. Marketing

Question 1264:

• JAMB 2017

The differences between the central bank and commercial bank is that the former ______

A. Discount treasury bills
B. Give loans to the public
C. Saves valuable of individual
D. Serves as lender of last resort

Question 1265:

• JAMB 2017

The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __

A. Stroke
B. Consumerism
C. Picketing
D. Demonstration