2023 - JAMB Commerce Past Questions and Answers - page 7
61
The part of the computer that has the capacity to interpret instruction is
A
central processing unit
B
universal power storage
C
monitor
D
keyboard
62
The stock exchange is a market where
A
short-term securities are sold
B
medium term securities are sold
C
all types of securities are sold
D
long term securities are sold
63
The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as
A
picketing
B
stroke
C
consumerism
D
demonstration
64
An announcement of a person\'s willingness to enter into a contract is referred to as
A
an acceptance
B
a proxy
C
consideration
D
an offer
65
The effects of devaluation includes all except
A
expansion of local industries
B
increase in import
C
increase in standard of living
D
exports become cheaper
66
The government agency involved in issuing of export licences is
A
Nigeria Port Authority
B
Customs and Excise Authority
C
Nigeria Export Promotion Council
D
Nigeria Export Processing Zone
67
A major merit of the retaining middlemen is to
A
regulate price for manufacturers
B
stock perishable goods
C
pay cash to the bank for manufacturers
D
stock goods produced by different manufacturer
68
The rate where a country\'s exports exchange for its imports is called
A
terms of trade
B
balance of trade
C
terms of payments
D
balance of payments
69
A demerit of communication is that it
A
increase the cost of goods in transit
B
give room for distortion of fact
C
hinder quick reception of messages over a long distance
D
makes payment for goods cumbersome
70
The fees charged on postal order by the post office is
A
premium
B
poundage
C
interest
D
brokerage
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