Jamb 2017 Commerce Past Questions And Answers
1
Goods and services transferred from seller to buyer without immediate payment is referred to as ______
- A. hire purchase
- B. mutual understanding
- C. credit sale
- D. leasing
2
Risk bearing in business organisation is a function of the _____
- A. employees
- B. customers
- C. entrepreneur
- D. manager
3
The process of buying and selling and distribution of goods and services is ______
- A. retail trade
- B. commerce
- C. marketing concept
- D. marketing
4
The production process that combines two or more raw materials into end product is
- A. conditioning
- B. blending
- C. merging
- D. synthesis
5
At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?
- A. an auctioneer
- B. a broker
- C. a liquidator
- D. an auditor
6
The differences between the central bank and commercial bank is that the former ______
- A. discount treasury bills
- B. give loans to the public
- C. saves valuable of individual
- D. serves as lender of last resort
7
A bill of exchange already accepted can be discounted by the holder in ______?
- A. the central bank
- B. at least two banks
- C. his bank
- D. any bank
8
The stock exchange is a market where _______
- A. long-term securities are sold
- B. all types of securities are sold
- C. short-term securities are sold
- D. medium term securities are sold
9
A major function of trade association is to _______
- A. assist members to buy cars
- B. help individuals to set up small business
- C. establish a link among member
- D. foster cooperation among members
10
The Nigeria Stock Exchange consist of ______
- A. primary and secondary-tier market
- B. secondary and primary market
- C. money and commodities market
- D. commercial and mortgage market