Jamb Commerce Past Questions and Answers

Question 1471:

• JAMB 2021

When two or more companies agree to execute a project too large for one to handle, this is referred to as ____________

A. An amalgamation
B. A cartel
C. A consortium
D. A merger

Question 1472:

• JAMB 2021

The main objective of a trade association is to ____________

A. Protect its members against litigation
B. Protect its members against victimization
C. Boost the trade of its members
D. Secure credit for its members

Question 1473:

• JAMB 2021

The major determinant of fire insurance premium is the ____________

A. Usefulness of the property to the owner
B. Type and structure of the property to be insured
C. Owner of the property to be insured
D. Extent of fire damage anticipated

Question 1474:

• JAMB 2021

An activity that involves derivation of raw materials from land and sea is ____________

A. Agriculture
B. Farming
C. Extraction
D. Construction

Question 1475:

• JAMB 2021

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a ____________

A. Bear
B. Bull
C. Dealer
D. Stag