2020 - JAMB Commerce Past Questions & Answers - page 1

1
The internet is a system of telecommunications used for?
A
communicating long-distance messages
B
sending and recieving text massages
C
sending electronic messages
D
communicating messages through telegrams
CORRECT OPTION: c
2
The sale of of foreign investment and gold reserves can be used to?
A
correct adverse balance of trade
B
increase invisible imports
C
correct adverse balance of payment
D
correct a budget deficit
CORRECT OPTION: a
3
The development of a continer and a graphic design for a product is called?
A
packaging
B
promotion
C
processing
D
production
CORRECT OPTION: a
4
The major participants in the stock market when stock prices are rising generally are the?
A
bulls
B
registrars
C
bears
D
companies
CORRECT OPTION: a
5
The partner that only contributes part of the capital used in the formation and running of a business is known as?
A
a passive partner
B
an active partner
C
a dormant partner
D
a nominal partner
CORRECT OPTION: c
6
The capital owned is
A
N2,740
B
N 1,350
C
N1,150
D
N570
CORRECT OPTION: d
7
Fluctuations in the supply of goods may be eliminated if the distribution system maintains?
A
modern technology
B
a team of retailers
C
warehouse services
D
sufficient middlemen
CORRECT OPTION: a
8
Authorized share capital is also known as?
A
called-up share capital
B
paid-up share
C
registered share capital
D
issued share capital
CORRECT OPTION: c
9
The unit through which result of a processed data are displayed is the?
A
logic unit
B
display unit
C
control unit
D
output unit
CORRECT OPTION: d
10
Debentures differ from shares in that
A
they are secured on the company's assets
B
ownership is open to the public
C
they form part of the capital of the business
D
rewards are usually paid out of profits
CORRECT OPTION: a
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