Jamb 2005 Commerce Past Questions And Answers
1
The availability of goods and services is brought to the notice of customers through?
- A. personal selling
- B. public relations
- C. the telephone
- D. advertising
2
In Nigeria, the ministry in charge of registering trade associations is that of?
- A. industries
- B. commerce
- C. culture and tourism
- D. finance
3
The necessary documents used in foreign trade are?
- A. bill of lading, invoice and letter of inqiry
- B. indent, bill of exchange, bill of lading and voice
- C. voice, shipping note, bill of lading and freight note
- D. shipping note, certificate of origin and visible exports
4
Which of the following confirms the accuracy of the duty charged on imported goods?
- A. An indent
- B. Consular invoice
- C. Consignment note
- D. Shipping note
5
The most important right of the employee in discharging his duties to the employer is the right to?
- A. regular emolument
- B. job security
- C. working facilities
- D. annual leave
6
A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?
- A. promissary note
- B. bankdraft
- C. banker's order
- D. travellers' cheque
7
The most important benefit of insurance is that it provides?
- A. control over activities
- B. the insured with a right to premium
- C. the insured with a right to full compensation
- D. protection against risks
8
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
9
The most important concept on production is?
- A. utility
- B. wealth creation
- C. transformation
- D. distribution
10
Invisible imports consist of?
- A. cement, shipping and consultancy services
- B. banking, drinks , insurance and technical services
- C. consultant services, tourism and banking
- D. tourism