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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 11:
JAMB 2009
The most commonly used commercial documents are?
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  • A Order notes, debit notes, invoices and quotations
  • B Letters of enquiry, consignment notes, receipts and invoices
  • C Credit notes, statement of accounts, depatch order and bills
  • D Balance sheet, receipts, invoices and manifest
View Answer & Explanation
Question 12:
JAMB 2009
The term free on board means that the price includes?
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  • A Costs and insurance only
  • B Costs and freight only
  • C Freight and insurance only
  • D Costs, insurance and freight
View Answer & Explanation
Question 13:
JAMB 2009
If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?
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  • A N56 250
  • B N43 750
  • C N43 250
  • D N6250
View Answer & Explanation
Question 14:
JAMB 2009
A cheque which a bank draws on its own funds is a?
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  • A Bankdraft
  • B Cashier's cheque
  • C Bank cheque
  • D Crossed cheque
View Answer & Explanation
Question 15:
JAMB 2009
Billboards and posters are forms of?
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  • A Electronic media
  • B Print media
  • C Outdoor media
  • D Window display media
View Answer & Explanation

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