Jamb Commerce Past Questions and Answers

Question 1301:

• JAMB 2018

Bank overdraft as a short term source of fund is

A. A current liability
B. An overdrawn account
C. Grade to a newly opened account
D. Repayable after more than a year

Question 1302:

• JAMB 2018

Which of the following has power to order withdrawal of a particular food item from circulation?

A. Food and Drug Department of the Federal Ministry of Health
B. Federal High Courts in Nigeria
C. Standard Organization of Nigeria
D. Local Government Health Inspectors

Question 1303:

• JAMB 2018

In Nigeria, the ministry in charge of registering trade association is that of

A. Culture and tourism
B. Finance
C. Industries
D. Commerce

Question 1304:

• JAMB 2018

Why is clear bill of lading called so?

A. It shows records of damaged goods
B. It shows no records of damaged goods
C. It is a clear bill
D. It signifies no debt is owed

Question 1305:

• JAMB 2018

Which is the fastest means of transportation?

A. Water
B. Air
C. Rail
D. Road