Jamb Commerce Past Questions and Answers

Question 1561:

• JAMB 2022

A business unit in which savings of members are lent to others is a

A. Consumer cooperative society
B. Producer cooperative society
C. Credit and thrift society
D. Wholesale cooperative society

Question 1562:

• JAMB 2022

The document issued by a public company allowing it to commence business is the

A. Articles of Association
B. Certificate of Incorporation
C. Memorandum of Association
D. Certificate of Trading

Question 1563:

• JAMB 2022

Which of the following is not a function of a consumer association?

A. Ensuring that consumers buy quality goods
B. Educating consumers on their rights
C. Penalizing importers of fake goods
D. Ensuring that fair prices are charged

Question 1564:

• JAMB 2022

An association formed by computer distributors to safeguard and promote their interest is a

A. Chamber of commerce
B. Cooperative society
C. Trade association
D. Trade union

Question 1565:

• JAMB 2022

The issue of prospectus by a company is an invitation to members of the public to

A. Subscribe to the company's shares
B. Attend the company's Annual general Meeting
C. Buy the company's products
D. Attend the company's board meeting