JAMB Commerce Past Questions - Set 21

10 QuestionsMultiple ChoiceFree Practice

About this quiz

This JAMB Commerce Past Questions - Set 21 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 21 covers questions from JAMB exams (2019-2020).

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Question 1 of 10

The above chart represents the

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Question 2 of 10

The main documents sent to an importer of goods by the exporter are

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Question 3 of 10

NACCIMA stands for 

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Question 4 of 10

The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is

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Question 5 of 10

A partnership may be automatically dissolved due to the following factors except________

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Question 6 of 10

One of the disadvantages of Sole Proprietorship is__________

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Question 7 of 10

In the formation of a united liability company, the following documents are prepared except_______

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Question 8 of 10

The process of winding up or bringing a company to an end is________

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Question 9 of 10

Use the following information to answer this question. The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

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Question 10 of 10

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018