Trade - Jamb Commerce Past Questions and Answers

Question 131:

• JAMB 2017

The concept that refers to the sale, transfer or exchange of goods and services is

A. Industry
B. Trade
C. Tariff
D. Marketing

Question 132:

• JAMB 2017

The effects of devaluation includes all except _______

A. Exports become cheaper
B. Expansion of local industries
C. Increase in standard of living
D. Increase in import

Question 133:

• JAMB 2017

Factors considered when setting up a retail business is one of the following _________

A. Capital, experience and trading
B. Experience, term of trade, and trading
C. Capital, trading and term of trade
D. Capital, type of goods and source of supply

Question 134:

• JAMB 2018

The act of selling in a foreign market at a price lower than the cost price is called

A. Dumping
B. Hedging
C. Fair trading
D. Under sale

Question 135:

• JAMB 2018

The act of selling in a foreign market at a price lower than the cost price is called

A. Dumping
B. Hedging
C. Fair trading
D. Under sale