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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 41:
The most important pieces of legislation governing business and commercial activities in Nigeria currently is the
  • A Companies degree,1968
  • B Trade Disputes degree, 1976
  • C Companies and Allied matters degree,1990
  • D Banks and Other Financial institution degree,1991
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Question 42:
One of the criteria for differentiating consumers markets from industrial ones is the
  • A Type of demand
  • B Type of supply
  • C Nature of the services rendered
  • D Price of the goods
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Question 43:
Th overriding objective of the food and drug act in Nigeria is too prevent the
  • A Importation of food and drug that can be locally manufactured
  • B Consumption of food and drug not tested by the minitries of health
  • C Adulteration of food and drug sold in the country
  • D Manufactures of food and drug from charging excessive prices
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Question 44:
The activities of consumers association in Nigeria have not been effective because
  • A The consumers are too many
  • B The government is not favourabley dispose towards consumerism
  • C There is poor enlightenment about consumer rights
  • D The consumers have no medium for expressing their feelings
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Question 45:
The least of the advantages of indigenization is that
  • A The standard of living of the indigenes is improved
  • B The economy is controlled by the nationals
  • C Enterpreneurals skill is developped
  • D Foreigners' domination is avoided
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