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Thursday, 09 April 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 21:
JAMB 2005
The factors essential for tourism are?
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  • A Accessibility, capital, amenties, accessibility and scenery
  • B Goods weather, amenties, accessibility and scenery
  • C Amenties, capital, accessibility and markets
  • D Good weather, capital, schools and scenery
View Answer & Explanation
Question 22:
JAMB 2005
In CIF contracts, risk passes at the time of shipment but the property does not pass until?
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  • A There is physical transfer of goods
  • B The shipping manifest are signed
  • C The shipping documents are transferred
  • D The goods on board are delivered
View Answer & Explanation
Question 23:
JAMB 2005
A partnership is dissolved when?
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  • A The business suffers a loss
  • B There is bankruptcy
  • C There is consistent theft
  • D There is misunderstanding between partners
View Answer & Explanation
Question 24:
JAMB 2005
One of the disadvantages of a sole proprietorship is?
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  • A Secrecy of annual reports
  • B Pride of ownership
  • C Limited liability
  • D Unlimited liability
View Answer & Explanation
Question 25:
JAMB 2005
The most important concept on production is?
SchoolNGR Classroom
  • A Utility
  • B Wealth creation
  • C Transformation
  • D Distribution
View Answer & Explanation

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