Commerce - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 1994

which of the following is the most important business resource?

A. Money
B. Management
C. Materials
D. Manpower

Question 3:

• JAMB 2019

The scope of commerce is limited to________

A. Home and foreign trade
B. Wholesaler and retail trade
C. Trade and aids to trade
D. Wholesale and entreport trade

Question 4:

• JAMB 2019

Commerce brings about all except one

A. International co-operation
B. Improvement in the standard of living
C. Monotony of work
D. Infrastructural development

Question 5:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods