Jamb Commerce Past Questions and Answers

Question 431:

• JAMB 2000

One of the function of the Niger Basin Commission is to

A. Ensure equal treatment of African nations
B. A. Foster closer co-operation among West African nations
C. A. Map out regulation that will guide all navigation for all West African nations
D. Guarantee freedom of navigation for all West African nations

Question 432:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price

Question 433:

• JAMB 2001

The pivot on the wheel of commerce rotates is

A. Tariff
B. Trade
C. Taxation
D. Price

Question 434:

• JAMB 2001

A distinguishing characteristic of labour is that it is

A. Constant
B. Expensive
C. Mobile
D. Cost

Question 435:

• JAMB 2001

Land as a factor of production does not vary in?

A. Quantity
B. Nature
C. Quality
D. Cost