Jamb 2022 Commerce Past Questions And Answers
1
A retail business that sells goods by post, using catalogue is a
- A. chain store
- B. department store
- C. mail order firm
- D. shopping mail
2
The growth of commerce is not enhanced by
- A. development of modern forms of production
- B. government participation in business
- C. high population growth
- D. low per capita income
3
Dealers in stock exchange such as bulls, bears and stags are categorized as
- A. actuaries
- B. promoters
- C. speculators
- D. underwriter
4
The marketing concept emphasizes
- A. sales of goods directly to customers
- B. use of promotional tools to stimulate sale
- C. mass production of goods
- D. consumer's satisfaction at a profit
5
An internal source of finance to an enterpreneur is
- A. trade
- B. retained earning
- C. overdraft
- D. debenture
6
Payment made to a carrier for transportation of goods is
- A. freight
- B. fee
- C. fare
- D. duty
7
Which of the following is not a characteristic of a commercial bank?
- A. Established as limited liability company
- B. Established by individuals or organizations
- C. Established to issue bank notes
- D. Established with the view of making profit
8
Consumers could be encouraged to purchase a company's product through
- A. research
- B. planning
- C. distribution
- D. advertisement
9
When a share with a nominal value of #50 is quoted at #70, it is being sold
- A. cum div
- B. ex-div
- C. at a discount
- D. at a premium
10
An article used as a means of exchange in the early days of trade in West Africa was
- A. cedis
- B. cowrie
- C. dalasi
- D. naira