JAMB Commerce Past Questions (1994-2003)
This comprehensive set of past questions for JAMB Commerce, spanning from 1994 to 2003, is an invaluable resource for aspiring university students in Nigeria. It provides a realistic simulation of the actual examination, allowing candidates to gauge their preparedness and identify areas requiring further study.
About This Exam
This comprehensive set of past questions for JAMB Commerce, spanning from 1994 to 2003, is an invaluable resource for aspiring university students in Nigeria. It provides a realistic simulation of the actual examination, allowing candidates to gauge their preparedness and identify areas requiring further study.
Topics Covered
Exam Structure
- Question Formatmcq
- Total Questions60
- Estimated Duration20 minutes
- Difficulty LevelMedium
Learning Objectives
- •Understand fundamental concepts of commerce, trade, and business operations.
Prerequisites
A foundational understanding of basic economic principles and business concepts is recommended.
Sample Questions
Get a taste of what to expect in the full exam.
The partner that only contributes part of the capital used in the formation and running of a business is known as
a passive partner
an active partner
a dormant partner
a nominal partner
A factor neccessary for siting a warehouse is near nearness to:
raw materials
labour
Capital.
consumers
A distinguishing characteristics of labour isthat it is
constant
expensive
mobile
cheap
A documenatry bill will normally be acompanied by
sales invoice, bill of lading and insurance certificate
clean bill, bill of lading and insurance cerificate
bill of lading, consular invoice and insurance certificate
consular invoice, FOB certificate and bill of lading.
One of the obstacles to achieving the objective ECOWAS is
lack of common currency
colonial linkag
sovereignty of states
language differe
Entrusting the management of a comapny to to enable the settlement of the company's oblilgations is an indication of
distress
closure
bankrupcy
liquida
The major procedures in the purchase and sale of goods are enquiry
quotation, order and invoice
placement order andinvoice
bargain, order and invoice
order, sale andinvoice.
Which of the items above constitute internal sources of financing for companies I. Personal saving II. Retained Earnings III Acrued Taxes
I & II
I & III
II & III
I, II & III
The balance of payments of countries is
a record of imports and exports
a systematic record of transactions amonσ
The most effective type of advertising for b product is
direct advertising
indirect adve
informative advertising
competitive :
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How to Prepare
Key Preparation Tips
- Review all topics listed in the JAMB syllabus for Commerce.
Mistakes to Avoid
- •Misinterpreting question wording or keywords.
Success Criteria
Achieving a score that meets or exceeds the cut-off mark for your desired tertiary institution and course. Aim for a high percentage of correct answers to maximize your chances of admission.
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