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"Commerce" question number distribution across years
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JAMB questions for "Commerce :: Commerce"
Q1
The central focus of commercial activities is
A
pricing
B
advertising
C
trading
D
marketing
E

Answer: C

Commerce
Q2
The development of commerce resulted from
A
specialization
B
trading
C
competition
D
importation
E

Answer: B

Commerce
Q3
A major function of a chamber of commerce is
A
increasing productivity
B
promoting both home and foreign trade
C
promoting trade in a particular line
D
maximizing profit
E

Answer: B

Commerce
Q4
The most important function of commerce is
A
assisting trade through banking and insurance
B
enhancing business relationships
C
helping people to improve their profits
D
facilitating exchanges among individuals and firms
E

Answer: D

Commerce
Q5
Commerce includes all the occupations concerned with
A
marketing
B
sales
C
distribution
D
production
E

Answer: D

Commerce
Q6
Organizing trade fairs in Nigeria is the responsibility of
A
trade associations
B
chambers of commerce
C
Federal Ministry of Commerce
D
National Directorate of Employment
E

Answer: B

Commerce
Q7
One of the advantages of commercialization is that it
A
gives workers on the job training
B
increases the salaries of workers
C
encourages entrepreneurship
D
E

Answer: D

Commerce
Q8
Entrepreneurship mainly invovles
A
knowledge
B
risk-taking
C
initiating
D
skilled manpower
E

Answer: B

Commerce
Q9
The evolution of commerce in Nigeria is traceable to the
A
primitive stage of existence of human beings
B
development of human civilizations and the desire to meet their needs
C
period of barter economy as human needs became limitless
D
desire human beings to satisfy their needs through the service of the service of other people in the societies
E

Answer: B

Commerce
Q10
The location of a business is mostly influenced by
A
management decision
B
capital
C
environment
D
market outlet
E

Answer: D

Commerce
Q11
The most important factor that delayed the development of commerce in Nigeria was
A
the inefficient means of communication
B
that there were few entrepreneurs
C
the unavailability of infrastructural facilities
D
that there of raw materials through manufacturing
E

Answer: C

Commerce
Q12
The major responsibility of an entrepreneur is
A
employing all factors of production in the business
B
coordinating and determining the proportion of what to produce
C
planning and organizing all activities in the business
D
directing and controlling all the affairs of the business
E

Answer: C

Commerce
Q13
Which of the following best describes the scope of commerce?
A
all forms of commercial exchanges and the manufacturing industry
B
Buying and selling and the construction industry
C
All occupational exchanges relating to industries and commercial activities
D
Buying and selling as well as the extraction of natural resource
E

Answer: C

Commerce
Q14
The pivot on which the wheel of commerce rottates is
A
tariff
B
trade
C
taxation
D
price
E

Answer: B

Commerce
Q15
One of the major functions of a chamber of commerce is to
A
promote and protect trade, industry and agriculture
B
advise members on regulations of other countries
C
settle disputes that arise out of trade
D
publish books and periodicals desired by members
E

Answer: A

Commerce
Q16
Commerce makes it possible for man to live in a
A
complex and organized society
B
society characterized by subsistence
C
society characterized by dependency
D
simple and organized society
E

Answer: C

Commerce
Q17
Which of the following contributed least to the commercial activities in Nigeria?
A
Development of banks
B
Development of transportation
C
Development of traders
D
Development of currencies
E

Answer: C

Commerce
Q18
Which of the following are the components of commerce? I. Trading advertising. II Warehousing and transportation. III Packaging and branding IV Insurance and banking
A
I and II
B
I and III
C
i, II and IV
D
II, III and IV
E

Answer: C

Commerce
Q19
The development of  commercial activities in Nigeria was facilitated largely by
A
a good transport system
B
the indigenization decree
C
a convenient medium of exchange
D
a high level of production
E

Answer: C

Commerce
Q20
Commerce is defined as the study oh how 
A
man utilizes the resources in his physical environment 
B
man produces, distributes and consumes his goods and services
C
man buys, sells and distributes goods and services
D
raw materials are changed into finished goods
E

Answer: C

Commerce