Jamb 2021 Commerce Past Questions And Answers
1
The payment made periodically in respect of an insurance policy entered into is known as
- A. surrender
- B. bond
- C. premium
- D. commission
2
An International organisation that influence and fix the price of oil in the International markets is
- A. IMF
- B. ECOWAS
- C. OPEC
- D. OAU
3
Services rendered to the public is provided by
- A. domestic servants
- B. civil servants
- C. government
- D. professionals
4
Departmentalization is an aspect of
- A. directing
- B. organizing
- C. planning
- D. controlling
5
A form of money that has gone out of use is
- A. paper money
- B. commodity money
- C. foreign money
- D. bank money
6
Which of the following countries are members of the Lake Chad Basin Commission?
- A. Niger and Cameroon
- B. Benin and Nigeria
- C. Nigeria and Mali
- D. Chad and Benin
7
The main advantage of a sole trader is the freedom to?
- A. employ anyone he likes
- B. take quick decision
- C. seek advise from any source
- D. plough all the profits
8
Which of the following has power to order withdrawal of a particular food item from circulation?
- A. Federal High Courts in Nigeria
- B. Standard Organization of Nigeria
- C. Local Government Health Inspectors
- D. Food and Drugs Department of the Federal Ministry of Health
9
A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a
- A. commission agent
- B. factor
- C. broker
- D. del credere agent
10
What is NPA?
- A. Nigerian Police Authority
- B. Nigerian Ports Authority
- C. National Ports Authority
- D. National Police Authority