1994 - JAMB Commerce Past Questions and Answers - page 3
21
One of the effects of the devaluation of the Naira is that the
A
goods that can be imported with the naira have become cheaper
B
value of other currencies relative to the naira have become cheaper
C
goods that can be exported from Nigeria have become costlier
D
imports that can be bought with the naira have become costlier
correct option: d
Users' Answers & Comments22
Drawing two parallel lines across a cheque means that it has to be paid into the account of the
A
payee
B
drawer
C
drawee
D
payer
correct option: a
Users' Answers & Comments23
The financial institution established to boost Nigeria's trade with the rest of the world is called
A
Nigerian Deposit Insurance Corporation
B
Nigerian Economic Reconstruction Fund
C
Nigerian Industrial Development Bank
D
Nigerian Export-Import Bank
correct option: d
Users' Answers & Comments24
Which of the following is both direct and indirect credit enterprise?
A
A co-operative and thrift society
B
retail co-operative society
C
consumer co-operative society
D
wholesaler co-operative society
correct option: a
Users' Answers & Comments25
The business in the stock exchange is characterized essentially by
A
dealing
B
brokerage
C
speculations
D
transactions
correct option: a
Users' Answers & Comments26
The second tier security market is
A
an appendage to the Nigeria stock exchange
B
a member of the Nigeria stock exchange
C
meant for the shares of quoted private companies
D
a regulating arm of the Nigerian stock exchange
correct option: b
Users' Answers & Comments27
The element of the marketing mix are
A
product promotion, place and price
B
[personal selling, advertising and research
C
promotion, production, place and price
D
procurement, price, product and place
correct option: a
Users' Answers & Comments28
Which of the following items has the shortest effect on the consumer
A
fashion
B
innovation
C
fad
D
attribute
correct option: b
Users' Answers & Comments29
Which of the following is a form of sales promotion
A
advertising on radio
B
offering free sample
C
distributing printed materials
D
advertising on television
correct option: b
Users' Answers & Comments30
One advantage of personal selling over all other elements of promotion is that
A
it can provide instant feedback
B
it is very cheap in terms of cost per contact
C
it does not need to use mass media
D
sales people are wewll trained
correct option: a
Users' Answers & Comments