Jamb Commerce Past Questions and Answers

Question 1556:

• JAMB 2022

The law by which a seller transfers the property in goods to a buyer at an agreed price is the

A. Weights and Measure Act
B. Trade Description Act
C. Sale of Goods Act
D. Foods and Drugs Act

Question 1557:

• JAMB 2022

Commerce is defined as

A. Buying and selling of goods and services only
B. All activities in the distribution and exchange of goods and services
C. All activities involved in the production of goods and services
D. Transporting and warehousing of goods only

Question 1558:

• JAMB 2022

The type of occupation that a broker belongs to is

A. Commercial
B. Construction
C. Extraction
D. Manufacturing

Question 1559:

• JAMB 2022

A form of money which was not used in the early days of trade is

A. Tobacco
B. Metal bars
C. Cowries
D. Coins

Question 1560:

• JAMB 2022

Which of the following activities is not an example of the extractive industry?

A. Weaving
B. Quarrying
C. Hunting
D. Fishing