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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 6:

Capital as a factor of production can be used as?

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A Money that is regarded as assets
B Goods that are useful in business
C Input for further production
D Services that provide satisfaction

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Question 7:

The agency that currently oversees the privatization and commercialization process in Nigeria is the?

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A Securities and Exchange Commission
B Technical Committee on privatization and commercialization
C Nigeria Stock Exchange
D Bureau of Republic Enterprises

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Question 8:

Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the ground of

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A Bankruptcy
B Frustration
C Fraudulence
D Breach of contract

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Question 9:

Which of the following countries are members of the lake Chad Basin Commission?

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A Niger and Cameroun
B Benin and Nigeria
C Chad and Benin
D Nigeria and Mali

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Question 10:

A core investor in the current phase of privatization in Nigeria is one who?

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A Can afford to buy most of the shares of the enterprises
B Will be at the core of the enterprises
C Can mobilize foreign currency equivalent to the value of the enterprises
D Has the technical know-how of the enterprises

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