Jamb Commerce Past Questions and Answers

Question 486:

• JAMB 2002

Which of the following best described the scope of commerce

A. All forms of commercial exchanges relating to industry
B. Buying and selling and the construction industry
C. All occupational exchanges relating to industries and commercial activities
D. Buying and selling as well as the extraction of natural resources

Question 487:

• JAMB 2002

Capital as a factor of production can be used as?

A. Money that is regarded as assets
B. Goods that are useful in business
C. Input for further production
D. Services that provide satisfaction

Question 488:

• JAMB 2002

The agency that currently oversees the privatization and
commercialization process in Nigeria is the?

A. Securities and Exchange Commission
B. Technical Committee on privatization and commercialization
C. Nigeria Stock Exchange
D. Bureau of Republic Enterprises

Question 489:

• JAMB 2002

Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the ground of

A. Bankruptcy
B. Frustration
C. Fraudulence
D. Breach of contract

Question 490:

• JAMB 2002

Which of the following countries are members of the lake Chad Basin Commission?

A. Niger and Cameroun
B. Benin and Nigeria
C. Chad and Benin
D. Nigeria and Mali