Functions of 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 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 3:

• JAMB 2011

The most important function of commerce is in?

A. Enhancing business relationships
B. Helping people to improve their profits
C. Facilitating exchange among individuals and firms
D. Assisting trade through banking and insurance

Question 4:

• JAMB 2011

The most important function of commerce is in?

A. Enhancing business relationships
B. Helping people to improve their profits
C. Facilitating exchange among individuals and firms
D. Assisting trade through banking and insurance

Question 5:

• JAMB 2012

One of the major benefits of commerce to government is to

A. Improve the standard of living
B. Generate revenue for growth and development
C. Encourage cooperation among public organisations
D. Encourage the development of socio-cultural values