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"Trade Associations" question number distribution across years
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JAMB questions for "Commerce :: Trade Associations"
Q1
A body established to protect the interest of members against exploitation of retail traders and manufacturers is the
A
wholesalers' association
B
consumers' association
C
government agency
D
workers' union
E
Q2
The Manufacturers' Association of Nigeria is an example of a
A
labour union
B
pressure group
C
conglomerate
D
cartel
E
Q3
The promotion of saving culture is a feature of a
A
trade association
B
consumers' cooperative society
C
thrift cooperative sociey
D
business association
E
Q4
An example of a cartel is
A
OPEC
B
ECOWAS
C
AU
D
EU
E
Q5
In order to prevent liquidity problems in commercial banks, the central bank uses
A
moral suasion
B
fiscal policy
C
reserve ratio
D
taxation
E
Q6
The pooling of business information for the benefit of members is a major function of a
A
pressure group
B
trade association
C
cultural group
D
trade union
E
Q7
An association to which all chambers of commerce in Nigeria are affiliated is the
A
Nigerian Labour Congress
B
National Association of Chambers of Commerce, Industry, Mines and Agriculture
C
Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture
D
Nigeria Stock Exchange
E
Q8
The body charged with divesting government interests in public enterprises is
A
SON
B
NPC
C
BPE
D
NDE
E
Q9
The major achievement of ECOWAS is
A
the emergence of a monetary union
B
the expansion of regional trade
C
mobility of labour among member countries
D
infrastructural development in member countries
E
Q10
A major criticism of a cooperative society is
A
selling goods on credit to non-member
B
management incompetence
C
limited capital
D
granting excessive loans to members
E
Q11
A major advantage of a cooperative society is that it
A
encourages thrift among members
B
gives members the opportunity to unite
C
promotes awareness among members
D
draws members closer to government
E
Q12
The headquarters of the Lake Chad Basin Commission is in
A
Abuja
B
Niamey
C
N'Djamena
D
Lagos
E
Q13
The members of ECOWAS include
A
Burkina Faso, Nigeria, Niger and Mauritania
B
Guinea, Mali, Cameroun and Nigeria
C
Togo, Niger, Nigeria and Ghana
D
Nigeria, Chad, Gabon and Cape Verde
E
Q14
An objective of the farmers' association is to
A
ensure that the prices of goods are fair and reasonable
B
correct the imbalance between consumers and producers
C
produce a stable market outlet for farm inputs
D
improve the methods of selling and advertising
E
Q15
A trade association consists of members engaged in the same trade while a chamber of commerce is
A
highly regulated by a government agency
B
made up of firms in the banking industry
C
made up of members that are registered
D
not restricted to a particular industry
E
Q16
The association that comprise all types of businesses is referred to as
A
chamber of commerce
B
trust
C
trade associate
D
cartel
E
Q17
In Nigeria, the ministry in charge of registering trade associations is that of
A
industries
B
commerce
C
culture and tourism
D
finance
E
Q18
Manufacturers' Association of Nigeria contributes to development by advising the government on
A
budget and budgetary control
B
industrial policy and harmony
C
environment protection policy
D
budget and industrial policy
E
Q19
Loan schemes by thrift societies are
A
conventional schemes
B
unconventional schemes
C
mortgage schemes
D
mutual schemes
E
Q20
One important requirement for the membership of the ECOWAS is
A
population
B
integrity
C
independence
D
landmass
E
Q21
The members of the Niger Basin Commission include
A
Nigeria, the Gambia and Cameroun
B
Guinea, Ghana and Niger Republic
C
Burkina Faso, Guinea and Nigeria
D
the Gambia, Benin Republic and Chad Republic
E
Q22
An example of a service-rendering trade association is
A
Cocoa Framers' Association
B
Nigeria Bar Association
C
Manufacturers' Association of Nigeria
D
Association of Nigerian Miners
E
Q23
The main motive of chambers of commerce and trade associations is to
A
protect the interest of consumers
B
assist government in achieving its objectives
C
protect and promote the interest of members
D
maximize profit
E
Q24
The ECOBANK is the initiative of
A
West African States to foster trade
B
the Lagos State Government to enhance capital mobilization
C
some well-meaning Nigerian shareholders
D
the Federal Government of Nigeria
E
Q25
Which of the following countries are members of the Lake Chad Basin Commission?
A
Niger and Cameroun
B
Benin and Nigeria
C
Chad and Benin
D
Nigeria and Mali
E
Q26
Which of the following is a function of employes' association?
A
Undertaking research on behalf of employees
B
Promotion of thrift in workers
C
Promotion of workers' welfare
D
Dissemination of information through sponsored journals
E
Q27
Which of the following is an example of trade association?
A
European Union
B
National Marketing Board
C
Organization of African Unity
D
National Farmers' Council
E
Q28
One of the obstacles to achieving the objectives of ECOWAS is
A
lack of a common currency
B
colonial linkages
C
sovereignty of states
D
languages differences
E
Q29
The major condition for obtaining loan in thrift, credit and loans cooperative societies is
A
provision of collateral security
B
a high level of education
C
an approved project plan
D
possession of a large business
E
Q30
The instrument establishing the Economic Community of West African States in 1975 is
A
a decree
B
a treaty
C
an act
D
a constitution
E
Q31
The priment objective of a trade association is
A
exchange information and negotiate as a pressure group
B
establish easy link with government
C
undertake research work on behalf of member
D
operate as a group against other groups
E
Q32
A chamber of commerce is an association made up to
A
merchants
B
manufacturers
C
entrepreneurs
D
importers
E
Q33
The main function of thrift, credit and loans co-operative societies is to
A
educate their members
B
collect money from their members
C
disburse money to their members
D
raise investment finance among their members
E
Q34
One advantages the co-operative society has over the ordinary company is that the
A
Latter pays tax while former does not
B
Former attracts more capital than the latter
C
Membership of the former is usually more than that of the latter
D
Former, unlike the latter has limited liabilities
E
Q35
The activities of consumers' association in Nigeria have not been effective because
A
the consumers are many
B
the government is not favourably disposed towards consumerism
C
there is poor enlightenment about consumer rights
D
the consumers have no medium for expressing their felings
E
Q36
The main objective of a trade asscociation can best be described as promoting and protecting
A
the products
B
common interest
C
the market
D
customer's interest
E
Q37
Berne Union is also known as
A
International Credit Union
B
International Documentary Credit Union
C
International Credit Union
D
Export Credit Guarantee Scheme 
E
Q38
Which of the following organizations represents those who engage Labour in Nigeria?
A
Nigeria Labour Congress
B
Nigeria Employers Consultative Association
C
Manufacturers Association of Nigeria
D
Nigerian Union of Local Government Employees
E
Q39
Which of the following maxims negates the principle of collective bargain?
A
Individual employees have weak bargaining base
B
Individual employees attain strength when they come together in a union
C
Only members of the union can benefit from agreement negotiated by the union
D
Collective bargaining bargaining covers the majority of employees, whether union member of not
E
Q40
NACCIMA stands for
A
Nigerian-American Centre for Culture, Industries, Mines and Arts
B
Nigerian Association for Culture, Civics, Industries, Minerals and Arts
C
National Agency for Culture, Civilization, Investments, Manufacturing and Agriculture
D
Nigeria Association of Chambers of Commerce, Industries, Mines and Agriculture
E
Q41
For the establishment of a powerful consumers' association in Nigeria to exist, there must be
A
financial and moral support from the public
B
honest and committed leadership
C
allocation of goods from the producers
D
freedom from external influence
E