Trade Associations - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 2004

Manufacturers' Association of Nigeria contributes to development by advising the government on?

A. Industrial policy and harmony
B. Budget and budgetary control
C. Budget and industrial control
D. Environmental protection policy

Question 12:

• JAMB 2005

A major function of a chamber of commerce is?

A. Increaseing productivity
B. Promoting both home and foreign trade
C. Promoting trade in a particular line
D. Maximizing profit

Question 13:

• JAMB 2005

The association that comprises all types of businesses is referred to as?

A. Chamber of commerce
B. Trust
C. Trade association
D. Cartel

Question 14:

• JAMB 2006

A trade association consists of members engaged in the same trade while a chamber of commerce is?

A. Highly regulated by agovernent agency
B. Not restricted on a particular industry
C. Made up of members that are registered
D. Made up of firms in the banking industry

Question 15:

• JAMB 2006

An objective of the farmers' association is to?

A. Ensure that the prices of goods are fair and reasonable
B. Correct the imbalance between consumers and producers
C. Improve the methods of selling and advertising
D. Provide a stable market outlet for farm inputs