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Friday, 10 April 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 26:
A retail cooperative society aims at?
  • A Hoarding manufactured goods
  • B Cutting off the profit of the middlemen
  • C Lending money to members at a low interest rates
  • D Encouraging members to save money
View Answer & Explanation
Question 27:
A bill of exchange already accepted can be discounted by the holder in?
  • A The central bank
  • B At least two banks
  • C His bank
  • D Any bank
View Answer & Explanation
Question 28:
The document issued by the seller which gives detail of the goods he sells is known as?
  • A Catalogue
  • B Tender
  • C Price list
  • D Invoice
View Answer & Explanation
Question 29:
Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication. Which of the above is aid to trade?
  • A I, ii, iii and Viii
  • B Iii, V, Vi and Viii
  • C I, ii, iii and Vi
  • D Ii, V,Vi, and Vii
View Answer & Explanation
Question 30:
The organizational structure that relates the positions of specialist to the line mangers is called?
  • A Line structure
  • B Staff structure
  • C Line and staff structure
  • D Functional structure
View Answer & Explanation