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Commerce Past Questions and Answers

Jamb 2019 Commerce Questions

Question 121:
All except one is not a corporation and boards at the federal level
  • A FRCN
  • B NNPC
  • C CBN
  • D MAN
View Answer & Explanation
Question 122:
The basic characteristics of co-operative society include all except one
  • A It is managed democratically
  • B It follows the principle of one man
  • C Amateur Management
  • D Extra capital is raised through loan
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Question 123:
The basic characteristics of co-operative society include all except one
  • A It is managed democratically
  • B It follows the principle of one man
  • C Amateur Management
  • D Extra capital is raised through loan
View Answer & Explanation
Question 124:
Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public
  • A Private limited liability
  • B Public limited liability
  • C Partnership
  • D Co-operative society
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Question 125:
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
₦ ₦
Opening stockPurchase 10007000 Sales 8000
Closing Stock 3000




Trading Expenses
ElectricitySalariesRentDepreciations ₦135875180210




From the figures given, calculate


Gross profit
  • A 300
  • B 3000
  • C 6000
  • D 11000
View Answer & Explanation