JAMB Commerce Past Questions - Set 20

10 QuestionsMultiple ChoiceFree Practice

About this quiz

This JAMB Commerce Past Questions - Set 20 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 20 covers questions from JAMB exams (2020).

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Question 1 of 10

The arrangement and interrelationship of the various components and positions of a business is referred to as

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Question 2 of 10

Given:                                                  ₦ Opening Stock                      1,800 Purchases                              2,800 Sales                                       8,000 Closing stock                            350 Carriage on sales                     500

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Question 3 of 10

Modern means of payment is greatly facilitated by

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Question 4 of 10

A country is said to be experiencing an unfavourable balance of trade if her

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Question 5 of 10

An undertaking given by a person to another assuring his integrity is

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Question 6 of 10

The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is

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Question 7 of 10

Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by

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Question 8 of 10

From the diagram above, what does I stand for?

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Question 9 of 10

The agency that currently oversees the privatization and commercialization processes in Nigeria is the

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Question 10 of 10

A doctor who attends to patients at home after his official duty is