Trade - Jamb Commerce Past Questions and Answers

Question 151:

• JAMB 2019

What is NPA?

A. Nigerian Police Authority
B. Nigerian Ports Authority
C. National Ports Authority
D. National Police Authority

Question 152:

• JAMB 2019

One of these is not part of small-scale retailers

A. Urban stores
B. Roadside traders
C. Supermarkets
D. Itinerant traders

Question 153:

• JAMB 2021

The function of a merchant wholesaler is to ____________

A. Find markets for producers' finished goods
B. Bring buyers and sellers together
C. Possess title to the goods, store and sell to retailers
D. Buy in bulk, store and sell to retailers as desired

Question 154:

• JAMB 2021

A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a ____________

A. Commission agent
B. Factor
C. Broker
D. Del credere agent