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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 36:

The members of ECOWAS include?

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A Nigeria, Chad, Gabon and Cape Verde
B Burkina Faso, Nigeria and Ghana, Algeria
C Guinea, Mali, Cameroun and Nigeria
D Togo, Niger, Nigeria and Ghana

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Question 37:

A trade association consists of members engaged in the same trade while a chamber of commerce is?

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A Highly regulated by agovernent agency
B Not restricted on a particular industry
C Made up of members that are registered
D Made up of firms in the banking industry

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Question 38:

Hire purchase is beneficial to the seller because?

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A It enhances his living standard
B It increases his turnover
C People pay instalmentally
D Of the patronage he enjoys

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Question 39:

Consumerism aims at protecting the consumer from?

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A Harmful products
B Drug addiction
C Smoking cigarettes
D Alcohol consumption

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Question 40:

The major types of warehouse are?

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A Manufacturer, bonded, departemental and private
B Bonded, public, coldroom and private
C Manufacturer, bonded, public and departmental
D Wholesaler, manufacturer, public and bonded

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