Objectives and functions of Chambers 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 2000

A chamber of commerce is an association made up of

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

Question 3:

• JAMB 2001

One of the major function of a chamber of commerce is to

A. Promotes and protect trade, industry and agriculture
B. Advise members on regulations of other countries
C. Settle disputes that arise out of trade
D. Publish books and periodical desired by members

Question 4:

• JAMB 2005

A major function of a chamber of commerce is?

A. Increaseing productivity
B. Promoting both home and foreign trade
C. Promoting trade in a particular line
D. Maximizing profit

Question 5:

• JAMB 2006

A trade association consists of members engaged in the same trade while a chamber of commerce is?

A. Highly regulated by agovernent agency
B. Not restricted on a particular industry
C. Made up of members that are registered
D. Made up of firms in the banking industry