JAMB Commerce Past Questions - Set 31

10 QuestionsMultiple ChoiceFree Practice

About this quiz

This JAMB Commerce Past Questions - Set 31 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 31 covers questions from JAMB exams (2017).

Progress0 / 10 answered
1

Question 1 of 10

A major objective of all business resources is ______

2

Question 2 of 10

What document is required when a country imposes valorem import duties on goods?

3

Question 3 of 10

A major function of trade association is to _______

4

Question 4 of 10

A partnership is dissolved due to ________

5

Question 5 of 10

Another name or term for a dishonoured cheque is ______

6

Question 6 of 10

An example of extractive occupation is ______

7

Question 7 of 10

A major merit of the retaining middlemen is to _______

8

Question 8 of 10

Goods and services transferred from seller to buyer without immediate payment is referred to as ______

9

Question 9 of 10

The process of buying and selling and distribution of goods and services is ______

10

Question 10 of 10

The differences between the central bank and commercial bank is that the former ______