JAMB Commerce Past Questions - Set 16

10 QuestionsMultiple ChoiceFree Practice

About this quiz

This JAMB Commerce Past Questions - Set 16 quiz contains 10 multiple choice questions designed to help you revise and test your Commerce knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!

Description

Practice with real JAMB Commerce past questions. Test your knowledge of trade, business, banking, and insurance for UTME preparation. Set 16 covers questions from JAMB exams (2021).

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Question 1 of 10

The transmission of the telephone services from one country to another is facilitated by

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Question 2 of 10

The best mode of ensuring that items posted get to the named addresses is through

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Question 3 of 10

An agency contract must involve

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Question 4 of 10

Inbound tourism occurs when

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Question 5 of 10

When two or more companies agree to execute a project too large for one to handle, this is referred to as

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Question 6 of 10

The main objective of a trade association is to

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Question 7 of 10

 A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a 

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Question 8 of 10

NAME INSURED AMOUNT(₦) ACTUAL VALUE(₦) ACTUAL LOSS(₦) Mr. P Mr. K Mr. R 25,000 30,000 40,000 100,000 120,000 150,000 30,000 40,000 50,000 Use the table above to answer questions 27 and 28 If Mr. P takes a fire insurance policy with average clause, his compensation will be

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Question 9 of 10

Hire purchase is advantageous to the seller in that 

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Question 10 of 10

A form of money with face value which is greater than the value of the metal contents is