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Commerce Past Questions and Answers

Commerce Questions

Question 136:
JAMB 1994
NACCIMA stands for
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  • A Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
  • B Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
  • C National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
  • D Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
View Answer & Explanation
Question 137:
JAMB 1995
What are the factors with which commercial undertaking can be distinguish?<br/>I Size of the undertaking <br/>II Profits generated <br/>III Forms of ownership<br/>IV Location of the undertaking
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  • A I and II only
  • B I andIII only
  • C II and III only
  • D III and IV only
View Answer & Explanation
Question 138:
JAMB 1995
Freight note is a document
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  • A Used by government to transport goods from one country to another
  • B Issued by a shipping company giving details of charges
  • C Used for payment for imported goods
  • D Given by an importer to pay for goods at a future period
View Answer & Explanation
Question 139:
JAMB 1995
Spot market goods are those which are available for
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  • A Immidiate delivery
  • B Short-term delivery
  • C Long-term delivery
  • D End of the delivery
View Answer & Explanation
Question 140:
JAMB 1995
The main advantage of road transport is that it is
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  • A Convenient and flexible
  • B Cheap and direct
  • C Common and fast
  • D Safe and available
View Answer & Explanation

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