Leaderboard: COMMERCE JAMB CBT 2018 Free Practice
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COMMERCE JAMB CBT 2018 Free Practice
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COMMERCE JAMB CBT 2018
COMMERCE JAMB CBT 2018
1-50 QUESTIONS
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Question 1 of 51
1. Question
The act of selling in a foreign market at a price lower than the
cost price is calledCorrect
Incorrect
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Question 2 of 51
2. Question
Current account holders withdraw money through
Correct
Incorrect
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Question 3 of 51
3. Question
One of the major problems of a sole proprietor is sourcing for
Correct
Incorrect
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Question 4 of 51
4. Question
Which of the following is a verbal means of communication
Correct
Incorrect
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Question 5 of 51
5. Question
Trade fairs in Nigeria are organized by
Correct
Incorrect
-
Question 6 of 51
6. Question
Privatization is
Correct
Incorrect
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Question 7 of 51
7. Question
In the law of contact, a counter offer operates as
Correct
Incorrect
-
Question 8 of 51
8. Question
What is a Quota?
Correct
Incorrect
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Question 9 of 51
9. Question
Which of the following functions is not performed by
warehousing?Correct
Incorrect
-
Question 10 of 51
10. Question
One of these is a current asset
Correct
Incorrect
-
Question 11 of 51
11. Question
From which of the following sources can partnership increase
their capital?Correct
Incorrect
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Question 12 of 51
12. Question
One of the disadvantages of rail transport is
Correct
Incorrect
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Question 13 of 51
13. Question
The Central Bank Monetary policy instrument by which it buys
and sells securities is calledCorrect
Incorrect
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Question 14 of 51
14. Question
The duties paid on goods produced locally is
Correct
Incorrect
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Question 15 of 51
15. Question
A title, symbol, or design that distinguishes a company is
calledCorrect
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Question 16 of 51
16. Question
The board of directors of public enterprise is appointed by
who?Correct
Incorrect
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Question 17 of 51
17. Question
The factors which critically determines the choice of
occupation isCorrect
Incorrect
-
Question 18 of 51
18. Question
Bank overdraft as a short term source of fund is
Correct
Incorrect
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Question 19 of 51
19. Question
Which of the following has power to order withdrawal of a
particular food item from circulation?Correct
Incorrect
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Question 20 of 51
20. Question
In Nigeria, the ministry in charge of registering trade
association is that ofCorrect
Incorrect
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Question 21 of 51
21. Question
Why is clean bill of lading called so?
Correct
Incorrect
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Question 22 of 51
22. Question
Which is the fastest means of transportation?
Correct
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Question 23 of 51
23. Question
A company which issues a promissory note in lieu of payment
for goods purchasedCorrect
Incorrect
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Question 24 of 51
24. Question
The maximum number of shareholders in a public liability
company isCorrect
Incorrect
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Question 25 of 51
25. Question
The above chart represents the
Correct
Incorrect
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Question 26 of 51
26. Question
Chinyere agreed to make a dress for Halima with September
20, 1995 as the delivery date. If the dress was not ready at that
date, Halima couldCorrect
Incorrect
-
Question 27 of 51
27. Question
Money is generally acceptable for transaction due to
Correct
Incorrect
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Question 28 of 51
28. Question
Which of the following regulates and controls the activities in
the Nigeria Stock ExchangeCorrect
Incorrect
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Question 29 of 51
29. Question
——————- is a source of short term capital?
Correct
Incorrect
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Question 30 of 51
30. Question
A debenture holder is entitled to
Correct
Incorrect
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Question 31 of 51
31. Question
The two main categories under which marine losses fall into
areCorrect
Incorrect
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Question 32 of 51
32. Question
In a public limited liability company, planning is carried out by
Correct
Incorrect
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Question 33 of 51
33. Question
Why will a cheque be dishonored?
Correct
Incorrect
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Question 34 of 51
34. Question
The elements in marketing mix that ensures goods are
available when and where needed isCorrect
Incorrect
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Question 35 of 51
35. Question
Balance of payment consist of ———– and ———- items
Correct
Incorrect
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Question 36 of 51
36. Question
The satisfaction of consumer is best explained by
Correct
Incorrect
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Question 37 of 51
37. Question
The internet is a system of telecommunication used for
Correct
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Question 38 of 51
38. Question
Goods and services are made available to consumers through
Correct
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Question 39 of 51
39. Question
What’s the first form an applicant must complete before taking
an insurance policy?Correct
Incorrect
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Question 40 of 51
40. Question
What is the difference between current assets and current
liabilities?Correct
Incorrect
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Question 41 of 51
41. Question
An arrangement by independent firms to share the market of
their products on quota basics Is referred to asCorrect
Incorrect
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Question 42 of 51
42. Question
When does production ends?
Correct
Incorrect
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Question 43 of 51
43. Question
Booklets containing a range of products, their uses and prices
are calledCorrect
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Question 44 of 51
44. Question
Commerce brings about all except one
Correct
Incorrect
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Question 45 of 51
45. Question
An abridged message sent at express speed to reach its
destination faster than the airmail letters is known asCorrect
Incorrect
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Question 46 of 51
46. Question
First Bank of Nigeria is an example of
Correct
Incorrect
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Question 47 of 51
47. Question
A bear market is said to be in existence in a period of
Correct
Incorrect
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Question 48 of 51
48. Question
The difference between the buying price and the selling price
of a share is referred to asCorrect
Incorrect
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Question 49 of 51
49. Question
All but one is not a barriers to foreign trade
Correct
Incorrect
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Question 50 of 51
50. Question
Which of these is a document used in International trade?
Correct
Incorrect
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Question 51 of 51
51. Question
The difference between a chamber of commerce and a trade
association is that the formerCorrect
Incorrect