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Saturday, 11 April 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 16:
The function of a merchant wholesaler is to
  • A Buy in bulk, store and sell to retailerss as desired
  • B Posses title to the goods, store and sale to retailers
  • C Bring buyers and sellers together
  • D Find markets for producers' finished goods
View Answer & Explanation
Question 17:
An invoice can be described as a
  • A Contractual agreement for the sale of goods
  • B Document specifying quantity, description, prices and total value of purchase
  • C Receipt containing necessary information about the goods
  • D Letter specifying the contractual sales of goods between two parties
View Answer & Explanation
Question 18:
Ocean liners are subdivided into
  • A Passenger liner and cargo liners
  • B Coastel liners and cargo liners
  • C Cargo liners and tramp liners
  • D Passenger liners and tramp liners
View Answer & Explanation
Question 19:
Tourists with no fixed address in a town may receive their letters from the post office through a
  • A Recorded delivery
  • B Poste restante
  • C Parcel post
  • D Postmaster
View Answer & Explanation
Question 20:
The insurance principle that requires full disclosure of information on the insured is known as
  • A Indemnity
  • B Uberrimae fidei
  • C Subrogation
  • D Caveat emptor
View Answer & Explanation