1997 - JAMB Commerce Past Questions and Answers - page 4
31
Bank giro is a system where?
A
commercial banks can give loan to all customers
B
a central bank opens account for commercial banks
C
a customer uses cheque to pay serveral bills
D
a customer closes his account by writting cheque
correct option: d
Users' Answers & Comments32
Commercial banks are referred to as departmental stores of banking because they
A
have many branches
B
have many customers
C
are found in the cities
D
offer many types of services
correct option: d
Users' Answers & Comments33
A markets where new shares are trade is known
A
primary market
B
stock exchange
C
secondary markets
D
money market
correct option: a
Users' Answers & Comments34
When a firm speaker of stock appreciation, it refers to
A
change in the value of its stocks resulting from price movement
B
increase in the price of it shared quoted on the stock exchange
C
an unexpected increase in the demand of its stock
D
the value of its stock in the stock exchange
correct option: c
Users' Answers & Comments35
The process of creating more for a product is called?
A
advertising
B
marketing
C
promotion
D
consumerism
correct option: c
Users' Answers & Comments36
When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is
A
product
B
price
C
promotion
D
place
correct option: d
Users' Answers & Comments37
The main advantage of using cinema as an advertising medium is that it is
A
cheap
B
accurate
C
accessible
D
informative
correct option: c
Users' Answers & Comments38
When old customers stick to the old place to buy goods and services,it is known as
A
goodwil
B
personal factor
C
window shopping
D
patronage
correct option: a
Users' Answers & Comments39
The most important pieces of legislation governing business and commercial activities in Nigeria currently is the
A
Companies degree,1968
B
Trade Disputes degree, 1976
C
Companies and Allied matters degree,1990
D
Banks and Other Financial institution degree,1991
correct option: c
Users' Answers & Comments40
One of the criteria for differentiating consumers markets from industrial ones is the
A
type of demand
B
type of supply
C
nature of the services rendered
D
price of the goods
correct option: a
Users' Answers & Comments