2014 - JAMB Commerce Past Questions and Answers - page 1
1
Cooperation and friendliness are enhanced among nations through interdependence necessitated by
A
tourism
B
commerce
C
agriculture
D
socio-cultural activities
correct option: b
Users' Answers & Comments2
One of the products of an extractive industry is
A
an airplane
B
an iron ore
C
a shoe
D
a textile material
correct option: b
Users' Answers & Comments3
The payment for direct service is usually made by the
A
local authority
B
community
C
government
D
individual
correct option: d
Users' Answers & Comments4
An important feature of land is that it
A
has an elastic supply
B
is an active factor of production
C
is heterogenous in nature
D
is subject to returns to scale
correct option: b
Users' Answers & Comments5
One of the major determinants of the volume of production is
A
the market size
B
the availability of banks
C
sex distribution
D
government policy
correct option: a
Users' Answers & Comments6
Mrs Jones who lives in the riverine community of Rivers State makes her living through crabbing and fishing . This type of occupation she is in is
A
commercial
B
manufacturing
C
service
D
extractive
correct option: d
Users' Answers & Comments7
To eliminate middlemen, there should be a retail outlet such as
A
producer co-operative
B
consumer co-operative
C
multiple shop
D
departmental store
correct option: c
Users' Answers & Comments8
The document issued by a port authority for goods deposited is a
A
bill of lading
B
bill of sight
C
consular invoice
D
warehouse warrant
correct option: d
Users' Answers & Comments9
The document submitted to the customs authority when full description of imported goods is not provided is
A
a bill of sight
B
an invoice
C
an indent
D
a bill of entry
correct option: c
Users' Answers & Comments10
The role of customs and exercise authority includes the
A
control of the flow of goods in and out of the country
B
control of security agents within and out of the borders
C
provision of dockyards for ship repairs and maintenance
D
provision of transport system to facilitate imports and exports
correct option: a
Users' Answers & Comments