Jamb Commerce Past Questions and Answers

Question 1341:

• JAMB 2018

Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

A. Ommission
B. Commission
C. Transposition
D. Principle

Question 1342:

• JAMB 2018

The business organisation in which shareholders have equal votes is?

A. Sole proprietorship
B. Partnership
C. Cooperative
D. Limited liability company

Question 1343:

• JAMB 2018

Excise duties are paid on goods that are?

A. Imported into the country
B. Manufactured within the country
C. Exported to other countries
D. Kept in bonded warehouse

Question 1344:

• JAMB 2018

A person who undertakes any risk in insurance business is known as ?

A. A broker
B. An underwriter
C. An insurer
D. An actuary

Question 1345:

• JAMB 2018

Bank giro is a system where?

A. Commercial banks can give loan to all customers.
B. A central bank opens accounts for commercial banks
C. A customer uses a cheque to pay several bills.
D. A customer closes his account by writing a cheque