JAMB Commerce Past Questions - Set 35

10 QuestionsMultiple ChoiceFree Practice

About this quiz

This JAMB Commerce Past Questions - Set 35 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 35 covers questions from JAMB exams (2016).

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Question 1 of 10

One of the duties of the employer to his employee is to

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Question 2 of 10

The buying and selling of goods and services is referred to as

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Question 3 of 10

A document that serves as an instument for perferential tariff is referred to as

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Question 4 of 10

Funds used for paying wages, salaries and payments for raw materials are categorized under

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Question 5 of 10

A formal letter to a dealer to enquire details about certain items for sale is referred to as

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Question 6 of 10

The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is

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Question 7 of 10

In the transportation industry, dead freight is used to describe the

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Question 8 of 10

When expenses on trading are deducted, the result is the

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Question 9 of 10

A supplier of flour who intends to sign a contract with a baker through post can establish a binding agreement only

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Question 10 of 10

Which of the followingis a modern trend in retailing ?