Jamb Commerce Past Questions and Answers

Question 126:

• JAMB 2019

One of these is not part of small-scale retailers

A. Urban stores
B. Roadside traders
C. Supermarkets
D. Itinerant traders

Question 127:

• JAMB 2019

The Sole aim of government owned business is to

A. Make profit
B. Provide services to the public
C. Spread environmental pollution
D. Manage action

Question 128:

• JAMB 2019

Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out

A. Standard for deferred payments
B. Medium of exchange
C. Store of value
D. Unit of account

Question 129:

• JAMB 2019

Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as

A. Transportation
B. Tourism
C. International trade
D. Domestic tourism

Question 130:

• JAMB 2019

An International organisation that influence and fix the price of oil in the International markets is

A. IMF
B. ECOWAS
C. OPEC
D. OAU