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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 1:

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
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

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Question 2:

What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
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 3:

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

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Question 4:

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

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Question 5:

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

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