Leaderboard: COMMERCE JAMB CBT 2017
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COMMERCE JAMB CBT 2017
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COMMERCE JAMB CBT 2017 PRACTICE
1-50 QUESTIONS
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- Review
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Question 1 of 50
1. Question
Which of the following legislation aims primarily at the
protection of consumers?Correct
Incorrect
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Question 2 of 50
2. Question
A bill of exchange already accepted can be discounted by the
holder in ______?Correct
Incorrect
-
Question 3 of 50
3. Question
An agreement that is enforceable in law is ________?
Correct
Incorrect
-
Question 4 of 50
4. Question
The factor of production that is relatively indestructible and
immobile is _______?Correct
Incorrect
-
Question 5 of 50
5. Question
An instrument used in lieu of legal tender is known as ______?
Correct
Incorrect
-
Question 6 of 50
6. Question
At the collapse of a business enterprises, the person appointed
to dispose off the assets is called ________?Correct
Incorrect
-
Question 7 of 50
7. Question
The process of converting a non-profit making organisation to
a profit-making business is ________?Correct
Incorrect
-
Question 8 of 50
8. Question
The letters E and OE stands for __________?
Correct
Incorrect
-
Question 9 of 50
9. Question
When a buyer has been overcharged for goods supplied, the
seller issues a _______?Correct
Incorrect
-
Question 10 of 50
10. Question
The fees charged on postal order by the post office is _____?
Correct
Incorrect
-
Question 11 of 50
11. Question
A government policy that encourages transfer of ownership
from foreigners to indigenes of the country is known as ____?Correct
Incorrect
-
Question 12 of 50
12. Question
The government agency involved in issuing of export licences
is _______?Correct
Incorrect
-
Question 13 of 50
13. Question
The quality of money that describe its uniformity is
Correct
Incorrect
-
Question 14 of 50
14. Question
One disadvantages of advertising is that it —
Correct
Incorrect
-
Question 15 of 50
15. Question
Water corporation is an example of ______?
Correct
Incorrect
-
Question 16 of 50
16. Question
The concept that refers to the sale, transfer or exchange of
goods and services isCorrect
Incorrect
-
Question 17 of 50
17. Question
Production ends when goods and services ________
Correct
Incorrect
-
Question 18 of 50
18. Question
What is the reward accruable to land?
Correct
Incorrect
-
Question 19 of 50
19. Question
A demerit of communication is that it ________
Correct
Incorrect
-
Question 20 of 50
20. Question
The function of commerce in relation to production is ______
Correct
Incorrect
-
Question 21 of 50
21. Question
An advantage of division of labour is _______?
Correct
Incorrect
-
Question 22 of 50
22. Question
A major objective of all business resources is ______
Correct
Incorrect
-
Question 23 of 50
23. Question
What document is required when a country imposes valorem
import duties on goods?Correct
Incorrect
-
Question 24 of 50
24. Question
A major function of trade association is to _______
Correct
Incorrect
-
Question 25 of 50
25. Question
A partnership is dissolved due to ________
Correct
Incorrect
-
Question 26 of 50
26. Question
Another name or term for a dishonoured cheque is ______
Correct
Incorrect
-
Question 27 of 50
27. Question
An example of extractive occupation is ______
Correct
Incorrect
-
Question 28 of 50
28. Question
A major merit of the retaining middlemen is to _______
Correct
Incorrect
-
Question 29 of 50
29. Question
Goods and services transferred from seller to buyer without
immediate payment is referred to as ______Correct
Incorrect
-
Question 30 of 50
30. Question
The process of buying and selling and distribution of goods
and services is ______Correct
Incorrect
-
Question 31 of 50
31. Question
The differences between the central bank and commercial
bank is that the former ______Correct
Incorrect
-
Question 32 of 50
32. Question
The organised effort of consumers to protect themselves
against the unfair practices of businessmen is known as __Correct
Incorrect
-
Question 33 of 50
33. Question
The stock exchange is a market where _______
Correct
Incorrect
-
Question 34 of 50
34. Question
One of the determinants of choice of occupation is ______
Correct
Incorrect
-
Question 35 of 50
35. Question
The production process that combines two or more raw
materials into end product isCorrect
Incorrect
-
Question 36 of 50
36. Question
The part of the computer that has the capacity to interpret
instruction is _______Correct
Incorrect
-
Question 37 of 50
37. Question
A demonstration of social responsibility by a business is the
payment of _______Correct
Incorrect
-
Question 38 of 50
38. Question
Risk bearing in business organisation is a function of the
_____
Correct
Incorrect
-
Question 39 of 50
39. Question
The Nigeria Stock Exchange consist of ______
Correct
Incorrect
-
Question 40 of 50
40. Question
A system where customer patronage is sought by producing
what they need is referred to as _______?Correct
Incorrect
-
Question 41 of 50
41. Question
The scope of commerce is limited to ________
Correct
Incorrect
-
Question 42 of 50
42. Question
Which of the following is an item in the marketing mix?
Correct
Incorrect
-
Question 43 of 50
43. Question
The business unit that applies the principle of one man, one
vote is ______Correct
Incorrect
-
Question 44 of 50
44. Question
The type of activity which turns processed raw materials into
consumer and industrial goods is described as ________Correct
Incorrect
-
Question 45 of 50
45. Question
Land as a factor of production does not vary in _______
Correct
Incorrect
-
Question 46 of 50
46. Question
The effects of devaluation includes all except _______
Correct
Incorrect
-
Question 47 of 50
47. Question
The production of goods and services in anticipation of
demand is made possible by _______Correct
Incorrect
-
Question 48 of 50
48. Question
Factors considered when setting up a retail business is one of
the following _________Correct
Incorrect
-
Question 49 of 50
49. Question
Any activity directed at conveying commodities to buyers is an
aspect _________Correct
Incorrect
-
Question 50 of 50
50. Question
If a business uses part of its profit to develop the area where it
operates, the business is fulfilling its ______Correct
Incorrect