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
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32
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
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33
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
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34
An ancillary to trade which promotes socio - cultural development all over the world is
A
transportation
B
communication
C
tourism
D
insurance
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35
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
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36
Labour as an input in production can be motivated by
A
training
B
profit
C
remuneration
D
promotion
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37
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
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38
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
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39
Which of the following is a legal tender?
A
Cheque
B
Travellers cheque
C
Bank note
D
Goldsmith receipt
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40
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
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