2017 - JAMB Commerce Past Questions and Answers - page 4
31
The differences between the central bank and commercial bank is that the former ______
A
discount treasury bills
B
give loans to the public
C
saves valuable of individual
D
serves as lender of last resort
correct option: d
Options A, B,C are duties carried out by the commercial banks. Central bank is the apex bank. They offer loans to banks or other eligible institutions that are experiencing financial difficulties and have no other means of borrowing and fails to obtain credit.
Users' Answers & Comments32
The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __
A
Stroke
B
Consumerism
C
Picketing
D
Demonstration
correct option: b
Consumerism is defined as an organised efforts by individuals, groups and government to help protect consumers from policies that infringes consumers' right to fair business right.
Users' Answers & Comments33
The stock exchange is a market where _______
A
long-term securities are sold
B
all types of securities are sold
C
short-term securities are sold
D
medium term securities are sold
34
One of the determinants of choice of occupation is ______
A
level of exposure
B
resources control
C
government policies
D
peer group
correct option: d
Users' Answers & Comments35
The production process that combines two or more raw materials into end product is
A
conditioning
B
blending
C
merging
D
synthesis
correct option: b
This is the mixture or combination of a substance with another substance so that they combine together.
Users' Answers & Comments36
The part of the computer that has the capacity to interpret instruction is _______
A
universal power storage
B
central processing unit
C
keyboard
D
monitor
correct option: b
It is the brain of a computer. The CPU processes and interprets data to information.
Users' Answers & Comments37
A demonstration of social responsibility by a business is the payment of _______
A
taxes to government
B
dividends to shareholder
C
interest on loans
D
premium on insurance
correct option: a
These are receipts from individual's income taxes, corporate income taxes, gift and estate taxes.
Users' Answers & Comments38
Risk bearing in business organisation is a function of the _____
A
employees
B
customers
C
entrepreneur
D
manager
39
The Nigeria Stock Exchange consist of ______
A
primary and secondary-tier market
B
secondary and primary market
C
money and commodities market
D
commercial and mortgage market
correct option: b
Primary market refers to the market where securities are bought while secondary market is a market where existing securities are traded.
Users' Answers & Comments40
A system where customer patronage is sought by producing what they need is referred to as _______?
A
sales promotion
B
market promotion
C
product promotion
D
market orientation
correct option: d
Focuses on delivering products designed according to customer desires, needs and requirements.
Users' Answers & Comments