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Thursday, 09 April 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 21:
The factor which critically determines the choice of occupation is?
  • A Training
  • B Skill
  • C Interest
  • D Apititude
View Answer & Explanation
Question 22:
Capital to a business is technically?
  • A An expense
  • B Availiability of local market
  • C An assets
  • D A porfit
View Answer & Explanation
Question 23:
i. Wholesaler
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?
  • A Iii, ii, i and iv
  • B Iii, i, iv and ii
  • C I, ii, iii and iv
  • D Ii, iii, i and iv
View Answer & Explanation
Question 24:
The development of commerce resulted from?
  • A Trading
  • B Competition
  • C Importation
  • D Specialization
View Answer & Explanation
Question 25:
The difference between a private and public limited liability company is that the former?
  • A Is unable to offer shares to the public
  • B Is unable to declare and pay dividend
  • C Has a higher number of shareholders
  • D Pays higher salaries to its managers
View Answer & Explanation