2000 - JAMB Commerce Past Questions and Answers - page 2
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A
N250,000
B
N245,000
C
N235,000
D
N225,000
correct option: c
Users' Answers & Comments12
The share capital value that forms part of the balance sheet total is the
A
paid-up share capital
B
called-up share capital
C
authorized share capital
D
issued share capital
correct option: a
Users' Answers & Comments13
The main factors militating against the rapid growth of trade in Nigeria are?
A
inadequate transportation network and huge capital outlay
B
lack of motivation and government attitude towards trade
C
lacks of good transportation network and insecurity of investment
D
huge capital outlay and government attitude to trade
correct option: c
Users' Answers & Comments14
The current trend in retailing competition in Nigeria are?
A
advertising and sales promotion strategies
B
branding, enterprising and diffrentiation of goods and services
C
self-service, after-sales service and services and branding strategies
D
after-sales services and sales promotion strategies
correct option: a
Users' Answers & Comments15
The function of a merchant wholesaler is to
A
buy in bulk, store and sell to retailerss as desired
B
posses title to the goods, store and sale to retailers
C
bring buyers and sellers together
D
find markets for producers' finished goods
correct option: a
Users' Answers & Comments16
An invoice can be described as a
A
contractual agreement for the sale of goods
B
document specifying quantity, description, prices and total value of purchase
C
receipt containing necessary information about the goods
D
letter specifying the contractual sales of goods between two parties
correct option: b
Users' Answers & Comments17
Ocean liners are subdivided into
A
passenger liner and cargo liners
B
coastel liners and cargo liners
C
cargo liners and tramp liners
D
passenger liners and tramp liners
correct option: a
Users' Answers & Comments18
Tourists with no fixed address in a town may receive their letters from the post office through a
A
recorded delivery
B
poste restante
C
parcel post
D
postmaster
correct option: b
Users' Answers & Comments19
The insurance principle that requires full disclosure of information on the insured is known as
A
indemnity
B
uberrimae fidei
C
subrogation
D
caveat emptor
correct option: b
Users' Answers & Comments20
Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company?
A
N320
B
N420
C
N460
D
N560
correct option: a
Users' Answers & Comments