2016 - JAMB Commerce Past Questions and Answers - page 4
31
The minimum lending rate of a bank is a component of its
A
current assets
B
debit balances
C
credit balance
D
fixed assets
correct option: a
Users' Answers & Comments32
Which of the following is the best method for computing working capital
A
Total assets less current liabilities
B
Current liabilities less current assets
C
Fixed liabilities less current assets
D
Current assets less current liabilities
correct option: d
Users' Answers & Comments33
One of the functions of the Nigerian Ports Authority is that it
A
gives preferential treatment to Nigerian investors
B
provides credit facilities to importers
C
encourages the growth of infant industries
D
provides warehosing facilities at the docks
correct option: d
Users' Answers & Comments34
An ancillary to trade which promotes socio - cultural development all over the world is
A
transportation
B
communication
C
tourism
D
insurance
correct option: c
Users' Answers & Comments35
An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a
A
cartel
B
syndicate
C
Chamber of Commerce
D
Nigeria Bar Association
correct option: c
Users' Answers & Comments36
Labour as an input in production can be motivated by
A
training
B
profit
C
remuneration
D
promotion
correct option: c
Users' Answers & Comments37
DFischarging certian duties by an organization to the public to gain high patronage is a concern of financial resposibility
A
financial responsibility
B
economic responsibility
C
legal responsibility
D
social responsibility
correct option: d
Users' Answers & Comments38
Complying with the rules relating to the conduct of business activities in a country is an aspect of
A
cultural enviroment
B
demographic environment
C
legal environment
D
political environment
correct option: c
Users' Answers & Comments39
Which of the following is a legal tender?
A
Cheque
B
Travellers cheque
C
Bank note
D
Goldsmith receipt
correct option: c
Users' Answers & Comments40
Which of the following is NOT backed by gold but by government securites?
A
Fiduciary note
B
Token money
C
Commodity money
D
Fiat money
correct option: a
Users' Answers & Comments