Jamb Commerce Past Questions and Answers

Question 1291:

• JAMB 2018

What is a Quota?

A. Tax pad on goods produced within a country
B. A physical restriction placed on quantity of goods that can be imported
C. Tax paid on goods produced outside a country
D. Ban on all imported goods

Question 1292:

• JAMB 2018

Which of the following functions is not performed by warehousing?

A. Stabilization of price
B. Production ahead of demand
C. Creating scarcity of goods
D. Storage of goods

Question 1293:

• JAMB 2018

One of these is a current asset

A. Fittings
B. Machineries
C. Motor vehicles
D. Stock

Question 1294:

• JAMB 2018

From which of the following sources can partnership increase their capital?

A. Sales of shares
B. Admission of new partners
C. Discharge of mortgage
D. Grants from relatives

Question 1295:

• JAMB 2018

One of the disadvantages of rail transport is

A. It is not flexible
B. It carries bulky goods
C. It works at intervals
D. Cost of transportation is high