2019 JAMB Commerce Past Questions

A partnership may be automatically dissolved due to the following factors except________

One of the disadvantages of Sole Proprietorship is__________

In the formation of a united liability company, the following documents are prepared except_______

The process of winding up or bringing a company to an end is________

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December 2018

From the above, calculate Current assets

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December 2018

From the above, calculate fixed assets

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December 2018

From the above, calculate current liabilities

In a law of contract, what is given in exchange for a promise to perform is_____

In Nigeria, it is mandatory for all business enterprises to be registered with the________

All but one does not provide an Indirect Service?

Examples of Commercial occupation are all except___________

All but one is not an output device?

A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer’s memory and the computer’s hard-disk is_________

The risks that can be forecast and measured is termed___________

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

Thee major aim of consumer orientation is_________

The policy used when contracts are awarded as a result of tender is________

One of these is not a major in the production process?

Examples of consumer goods include all except________

The most important resources of business is_______

A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

An example of vertical integration is___________

A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

The theory of International trade is based on_________

A fall in the value of a country’s currency vis-a-vis other currencies is known as__________

A market is said to be bullish if_________

One of these is not a factor affecting prices of securities?

A commission charged on postal order is__________

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

A cheque that is payable to whoever presents it is known as______

A two-way process which involves sending and receiving of messages is referred to as__________

The scope of commerce is limited to________

All but one is not a demerit of advertising?

Advantages of pipeline transport include all except_______

The factors to be considered in setting up retail trade include all except_____

A responsibility to control environmental pollution is the responsibility of____

The following development of money have therefore been the use of, except______

Tourism involving residents of the given country travelling only within this country is called__________

The headquarters of Niger Basin Commission is located at________

A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

The difference between Articles of association and memorandum of Association is that the latter deals

All except one is not a corporation and boards at the federal level

The basic characteristics of co-operative society include all except one

Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi Peterside and Brothers for the year ended 31st December 1986.

Trading Expenses

From the figures given, calculate the gross profit

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi Peterside and Brothers for the year ended 31st December 1986.

Trading Expenses

From the figures given, calculate the net profit

Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi Peterside and Brothers for the year ended 31st December 1986.

Trading Expenses

From the figures given, calculate the percentage of net profit to turnover

An offer extended to several people at once is called

A counter offer is an offer that is

Services are made up of

The assembling of Manufactured products into forms usable by humans is classified as

Computer that process data in the form of values is

A memory that supports read and write operations is

You have just bought a new car. What Insurance policy will you take to cover it?

A document that embody the conditions and exceptions attached to the contract is

The communication aspect of the marketing mix is

Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as

All activities that contribute towards making goods and services available to the people are

Which of these is not a merit of division of labour

The function of management that establish objectives for the organisation and trying to determine the best ways to accomplish them is 

The provision of qualified managerial and other skilled personnel for an enterprise is called

A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried is called a

The difference between a chamber of commerce and a trade association is that the former

Which of these is a document used in International trade?

All but one is not a barriers to foreign trade

The difference between the buying price and the selling price of a share is referred to as

A bear market is said to be in existence in a period of

Use the following information to answer this question.

Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos

Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.

Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.

Yours Faithfully
Manager.

The above represents a/an?

Use the following information to answer this question.

Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos

Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.

Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.

Yours Faithfully
Manager.

From the question above, the document the firm or organization will send to the buyer is a/an

First Bank of Nigeria is an example of a

An abridged message sent at express speed to reach its destination faster than the airmail letters is known as a

Commerce brings about all except one

Booklets containing a range of products, their uses and prices are called

All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

What is NPA?

One of these is not part of small-scale retailers

The sole aim of government-owned business is to

Which function of money is described in the following statement? 

It serves as a medium through which business transactions are carried out

Someone traveling abroad for at least “twenty – four hours” and a maximum stay of six months is known as

An International organisation that influence and fix the price of oil in the International markets is