Compiled 2016/2017 JAMB CBT Possible/Likely Questions On Commerce [For Commercial Students]

Good Evening All students of especially JAMBITES.
This year we are totally focused with the JAMBITES, Why? because we wish to get them fully prepared and also to get acquainted with all JAMB CBT questions.

We are not new in this field as we started this last 4 years which we have thousands testimony from students, last week we have been moving around with the CROWNING FAVOUR ACADEMY [JAMB Experts] collecting the possible/likely questions for this year CBT exam inorder to prepare students.

If you can remember we have posted up to 8 subjects questions for serious JAMBITES to study and solve on their own.

Todays questions now is now on COMMERCE as we all know that almost 40% of students will write COMMERCE in JAMB This year.

Meanwhile if you missed our previous subjects questions, click the link that leads to your subjects to get the questions.
See 2016/2017 JAMB CBT Possible/Likely Objectives Questions & Answers For Physics Students

JAMB 2016/2017 CBT Possible/Likely Objectives Questions & Answers For Government Students

Exam: JAMB UTME 2016/2017 Possible/Likely Objectives Questions And Answers In Biology

View The 2016/2017 JAMB Literature Objectives Questions And Answers Here

Then for those who need a special JAMB tutorial lessons or need more of this questions can contact the CROWNING FAVOUR ACADEMY by Calling [2347039418217]


Compiled By In Conjuction With Crowning Favour Academy
08107431933 For Help In JAMB and more questions and answers
1. A warehouse which is used to store goods whose customs duty is not yet paid is a
a. bonded warehouse
b. public warehouse
c. branded warehouse
d. wholesale warehouse
2. A crossed cheque with the inscription “not negotiable” must be paid into the
a. current account of the payee
b. saving account of the payee
c. fixed account of the payee
d. current account of the drawer
3. A factor in business environment which increases the rate of product obsolescence is
a. political
b. legal
c. economic
d. technology
4. The centeral bank has a reserve ratio also called liquidity ratio.
a. fiscal policy
b. reserve ratio
c. taxation
d. moral suasion
5. Most of the barriers to international trade have been eliminated through
a. globalization
b. commercialization
c. privatization
d. diversification
6. The resources whic are necessary for business development include:
a. machines, manufacturing, money, and materials
b. merchant, materials, mentors, and money
c. man, money, materials, machines
d. manufacturing, materials, mentors, and money
7. The Ps of marketing are
a. price, production, place and property
b. price, product, property and place
c. price, product, place and promotion
d. product, place, process and promotion
8. Ships used for international transport are
a. launchers
b. yachts
c. ocean liners
d. trawlers
9. Personal selling is used for the purpose of
a. giving financial assiastance
b. providing information
c. creating product awareness
d. establishing the company
10. A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a
a. supermarket
b. chain store
c. departmental store
d. conglomerate
11. An aspect of commerce that facilitate the distribution of product is
a. trading
b. advertising
c. branding
d. transportation
12. An association to which all the commerce in Nigeria are affliated is the
a. Nigeria stock exchange
b. national association of chambers of commerce, industry, mines and agriculture
c. Nigeria association of chambers of commerce, industry, mines and agricultures
d. Nigeria labour
13. A Computer computer component that decodes and interprets instructions and also direct programs implementation
a. system units
b. central processing unit
c. controls units
d. memory unit
14. An account maintained with a commercial bank for the purpose of foreign exchange transaction is the
a. foreign reserve
b. international account
c. domiciliary account
d. foreign account
15. The development of tourism in Nigeria will enhance
a. labour mobility
b. revenue generation
c. export
d. agriculture
16. A document sent by a seller to inform a buyer about the prices of a goods is the
a. profoma invoice
b. price list
c. credit note
d. catalogue
17. The sum of money paid by a policy-holder to an insurer is reffered to as
a. sale revenue
b. premium
c. gross profit
d. interest
18. The right of ownership with respect to goods or property is
a. proxy
b. title
c. right of occupancy
d. certificate of occupancy
19. The main motive of commerce and trade association is to
a. assist government in achieving its objectives
b. protects and promotes the interest of the members
c. maximized profit
d. protects the interest of the members

20. Privatization is concerned with
a. equal ownership between the public and the government
b. government ownership of companies
c. the individual ownership of companies
d. the dilution of ownership among the public
21. An example of a service-rendering association is
a. Nigerian Bar Association
b. Manufacturer Association Of Nigeria
c. Cocoa Farmers Association
d. Association Of Nigerian Miners
22. A functional structure, is an organizational structure in which
a. Abstract rules are applied
b. There is no hierarchy
c. A specialist enforces his directives
d. equity prevails
23. The evolution of commerce in Nigeria is traceable to the
a. Periodic of barter economy as human needs became limitless
b. primitive stage of existence of human beings
c. development of human civilization and the desire to meet their needs
d. desire by human being to satisfy their needs through the services of their peoples in the society
24. An essential factor for evaluation the different sources of fund for a business is the
a. decree establishing the business
b. burden of cost and repayment
c. size and type of business
d. ownership structure of the business concern
25. One the requirements necessary for setting up a business
a. registration
b. documentation
c. knowledge of the business
d. advertisement
26. Goods that manufactured or acquired by the seller after th contract of sale are
a. specialty goods
b. general goods
c. specific goods
d. future goods
27. Stimulation of demand is a kind of communication in marketing which connotes
a. personal selling
b. merchandising
c. advertising
d. sales promotion
28. The market structure, business condition and financial system in Nigeria is
a. political environment
b. cultural environment
c. economic environment
d. technological environment
29. Banks are engage in the business of buying and selling of
a. instrument of credit
b. intangible products
c. bills of exchange
d. land
30. Communication process involves the transmission of a message over a selected channel to the
a. audience
b. sender
c. receiver
d. encoder
Compiled By In Conjunction With Crowning Favour Academy

Compiled 2016/2017 JAMB CBT Possible/Likely Questions On Commerce [For Commercial Students] Compiled 2016/2017 JAMB CBT Possible/Likely Questions On Commerce [For Commercial Students] Reviewed by EMMANUEL CHINEKS on February 04, 2016 Rating: 5

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