Trade Associations - Jamb Commerce Past Questions and Answers

Question 26:

• JAMB 2016

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a

A. Cartel
B. Syndicate
C. Chamber of Commerce
D. Nigeria Bar Association

Question 27:

• JAMB 2017

A major function of trade association is to _______

A. Assist members to buy cars
B. Help individuals to set up small business
C. Establish a link among member
D. Foster cooperation among members

Question 28:

• JAMB 2018

The main objective of a trade association can best be described as promoting and protecting ?

A. The product
B. Common interest
C. The market
D. Customer's interest

Question 29:

• JAMB 2018

A chamber of commerce is an association made up of?

A. Merchants
B. Manufacturers
C. Entrepreneurs
D. Importers

Question 30:

• JAMB 2019

The difference between a chamber of commerce and a trade association is that the former

A. Is not restricted to a particular industry
B. Is a branch of trade that sells product
C. Consists of members engaged in the same trade
D. Are association of individuals or firms