Commerce - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 1998

Which of the following contributed least to the evolution of commercial activities in Nigeria?

A. Development of banks
B. Development oftransportation
C. Development of trader's unions
D. Development of currencies

Question 12:

• JAMB 1999

Commerce makes it possible for man to live in a

A. Complex and organized society
B. Society characterized by subsistency
C. Society characterized by dependency
D. Simple and organized society

Question 13:

• JAMB 1999

(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?

A. I and ii
B. Ii and iii
C. I and iv
D. Ii and iv

Question 14:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price

Question 15:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price