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Saturday, 11 April 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 16:
The form of capital which is easily transferred into the form desired is known as?
  • A Working capital
  • B Liquid capital
  • C Circulating capital
  • D Capital employed
View Answer & Explanation
Question 17:
If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?
  • A 23.3%
  • B 33.3%
  • C 50.0%
  • D 66.6%
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Question 18:
A machine which enable s sales without the physical presence of a sales attendant is a
  • A Computer machine
  • B Vending machine
  • C Telex machine
  • D Fax machine
View Answer & Explanation
Question 19:
What document is required when a country imposes ad valorem import duties on goods?
  • A A mail transfer
  • B A shipping note
  • C A billb of lading
  • D A consular invoice
View Answer & Explanation
Question 20:
Enter pot trade is said to have taken place when goods are?
  • A Held at the port payment of custom duty
  • B Sold in the ship under special regulation
  • C Imported and then re-export
  • D Kept for further processing before sales
View Answer & Explanation