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
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32
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
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33
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
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34
One of the determinants of choice of occupation is ______
A
level of exposure
B
resources control
C
government policies
D
peer group
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35
The production process that combines two or more raw materials into end product is
A
conditioning
B
blending
C
merging
D
synthesis
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36
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
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37
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
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38
Risk bearing in business organisation is a function of the _____
A
employees
B
customers
C
entrepreneur
D
manager
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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
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40
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
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