JAMB Commerce Questions Check Randomly Repeated Questions

Filed in Education by on May 27, 2021

JAMB Commerce Questions 2021 –  Will you or someone you know be sitting for Commerce in the 2021 JAMB  examination? If yes, go through this page as JAMB Commerce Questions 2021 is available now in this examination guide for FREE. Read on to see them below.

I will be showing you past JAMB Commerce random repeated questions for free. You will understand how JAMB Commerce questions are set and many other examination details.

The Joint Admissions and Matriculations Board (JAMB) is a Nigerian entrance examination board for tertiary-level institutions. The board conducts entrance examinations for prospective undergraduates into Nigerian universities.

JAMB Commerce Questions 2021

Below are some randomly repeated questions seen when writing Commerce in JAMB.

Objective

1. The most important factor that delayed the development of commerce in Nigeria was
A. the inefficient means of communication
B. that there were few entrepreneurs
C. the unavailability of infrastructural facilities
D. that there were few developed markets

2. Secondary production has to do with changing the
A. shape of raw materials through construction operation
B. physical form of raw materials into finished goods
C. utility of raw material by engineering process
D. nature of raw materials through manufacturing

3. The major responsibility of an entrepreneur is
A. employing all factors of production in the business
B. coordinating and determining the proportion of what to produce
C. planning and organizing all activities in the business
D. directing and controlling all the affairs of the business

4. Which of the following best describe the scope of commerce?
A. All forms of commercial exchanges and the manufacturing industry
B. buying and selling and the construction industry
C. all occupational exchanges relating to industries and commercial activities
D. buying and selling as well as the extraction of natural resources.

5. Capital as a factor of production can be used as
A. money that is regarded as an asset
B. goods that are useful in business
C. input for further production
D. service that provides satisfaction

6. The agency that currently oversees the privatization and commercialization processes in Nigeria is the
A. securities and exchange commission
B. technical committee on privatization and commercialization
C. Nigeria stock exchange
D. bureau of public enterprises

More Questions

7. Okeze contracted to sell TV sets to Ojo, unknown to them, the sets were stolen in transit. This contract may be terminated on the grounds of
A. bankruptcy
B. frustration
C. fraudulence
D. breach of contract

8. Which of the following countries are a member of the Lake Chad Basin Commission?
A. Nigeria
B. Benin and Nigeria
C. Chad and Benin
D. Nigeria and Mali

9. A core investor in the current phase of privatization in Nigeria is one who
A. can afford to buy most of the shares of the enterprises
B. will be at the core of the enterprises
C. can mobilize foreign currency equivalent to the value of the enterprises
D. has the technical know-how of the enterprises.

10. The agency in Nigeria which ensure that products conform to government quality specification is the
A. standard organization of Nigeria
B. Nigeria consumer’s association
C. manufactures association of Nigeria
D. Nigeria chamber of commerce

11. An example of a service rendering trade association is
A. Nigerian Bar Association
B. Association of Nigerian Miners
C. Cocoa Farmers Association
D. Manufacturers Association of Nigerian

12. The commercialization of public enterprises is aimed at
A. increasing efficiency and making the enterprises self-sufficient
B. advertising and promoting the goods and services of the enterprise
C. increased assistance and patronage of the enterprises by the public
D. selling the goods and services of the enterprises

More Questions

13. An author is the exclusive right to his published and unpublished works is known as
A. authors right
B. constitutional right
C. patent right
D. copyright

14. Under an endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the
A. indemnity
B. surrender value
C. lump sum benefit
D. insurance premium

15. The machine used for sending telex message is known as a
A. radar
B. fax machine
C. Dictaphone
D. teleprinter

16. Which of these insurance principles requires a close connection between the actual loss suffered and the risk insured?
A. Indemnity
B. proximate cause
C. contribution
D. subrogation

17. The unit through which the results of a processed data are displayed is the
A. logic unit
B. display unit
C. control unit
D. output unit

18. Which of the following is used to inform the addressee that a registered parcel is ready for collection?
A. Express label
B. counterfoil
C. telegram
D. Slip

19. The type of computer commonly found in offices is
A. laptop
B. desktop
C. the hybrid computer
D. the mainframe computer

Continue Reading

20. The mode of transporting crude oil to the ports for export purposes is by
A. tanker B. rail C. road D. pipeline

21. The temporary insurance certificate issued to the insured before drawing up a policy is a
A. cover note
B. testimonial
C. time policy
D. proposal form

22. The bulls and bears in the Stock Exchange market help to minimize
A. the number of shares and bonds sold
B. price increases of securities
C. fluctuations in the prices of securities
D. the elasticity of the prices of securities

23. Debentures differ from shares in that
A. they are secured on the company’s assets
B. ownership is open to the public
C. they form part of the capital of the business
D. rewards are usually paid out of profit.

24. The Stock Exchange is a market where
A. long-term securities are sold
B. all types of securities are sold
C. short term securities are sold
D. medium-term securities are sold

25. A retail cooperative society aims at
A. hoarding manufactured goods
B. cutting off the profits of middlemen
C. lending money to members at low interests
D. encouraging members to save money

26. A bill of exchange already accepted can be discounted by the holder in
A. the Central Bank
B. at least two banks
C. his bank
D. any bank

See More

27. The document issued by the seller which gives details of the goods he sells is known as
A. catalogue
B. tender
C. price list
D. invoice

28. Given: I Retail, II export, III Transport, IV import, V Insurance, VI banking and finance insurance VII wholesale VIII communication.
Which of the above are aids to trade?
A. I, II, III and VIII
B. III, V, VI and VIII
C. I, II, III and VI
D. II, V, VI and VII

29. The organizational structure that relates the positions of specialists to the line managers is called
A. line structure
B. staff structure
C. line and staff structure
D. .functional structure

30. A wholesaler who possesses the title to the goods he sells is known as
A. a merchant wholesaler
B. a multiple wholesaler
C. a general wholesaler
D. an agent wholesaler

31. An important principle of a good organizational structure is
A. ideal standard
B. span of control
C. clarity of mission
D. adequacy of resources

More Questions

32. A company that is registered with the Corporate Affairs Commission only without being enlisted on the stock exchange is a
A. public liability company
B. joint ventures company
C. limited company
D. registered company

33. A contract for the sale of goods involves the
A. producer, the seller and the buyer of goods
B. offering of goods to customers
C. transfer of title to goods for money
D. exchange of goods

34. The total of the share capital which a company would be allowed to issue is known as
A. called-up capital
B. paid-up capital
C. nominal capital
D. issued capital

35. The process of mobilizing, engaging and maintaining workers to work for an organization is referred to as
A. staffing
B. selection
C. recruitment
D. employment

36. Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as
A. bull
B. jobbers
C. broker
D. stagers

Continue Reading

37. Which of the following involves foreign trade?
A. Supermarkets
B. chain stores
C. departmental storesD. commodity market

38. Which of the following is a function of employers’ association?
A. Undertaking research on behalf of employees
B. promotion of thrift in workers
C. promotion of workers welfare
D. dissemination of information through sponsored journals

39. Which of the following industries is normally located near the source of its raw materials?
A. Footwear
B. cement factory
C. textile industry
D. automobile assembly

40. One of the most important functions of marketing is
A. encouraging research activities to meet needs
B. creating classes of merchants among businessman
C. the extension of markets for businesses
D. providing finances to businesses

See More Questions

41. Securities on which the buyers are not issued with certificates are called
A. authorized securities
B. inscribed securities
C. bearer securities
D. registered securities

42. In product pricing, which of these elements needs more consideration than others?
A. the demand for the product
B. the demography of the buyers of the product
C. the Commerce conditions in the market
D. the cost of producing the product.

43. The principal objectives of the Central Bank of Nigeria can be classified broadly into
A. banker’s bank, lender of last resort and issuance of currency
B  service, currency management and financial intermediation
C. banking services, foreign exchange operations and open market operations
D. service monetary policy and developmental functions.

44. The letters E and OE stands for
A. errors of exception
B. errors and omissions excepted
C. estimated and order error
D. end of error

More Questions

45. An important issue for consideration in the product element of the marketing mix is the
A. adequate promotion of the product
B. channel of distribution of the product
C. price of the product
D. planning and development of the product

46. A group of companies is a collection of
A. subsidiaries and their holding company
B. firms
C. associates and their holding company
D. industries

47. Which of the following is an example of trade associations?
A. European Union
B. National Marketing Unity
C. Organization of African Unity
D. National Farmer’s Council

48. Which of the following determines the quality of the goods that a retailer sells?
A. The mode of contract of sales
B. the type of manufacturer
C. the regulations regarding sales in the area
D. the location of his shop

49. An advantage of hire purchase to the consumer is the
A. Commerces of scale in production
B. possession of goods before payment
C. increase in turnover and profits
D. low-interest-rate chargeable

50. The founder’s shares are usually referred to as deferred shares because the holders
A. are entitled to cumulative dividends
B. receive their dividends after other shareholders
C. receive their dividends before other shareholders.
D. Are not entitled to any dividends.

Answers

Still Loading…

Frequently Asked Questions (FAQs) and Answers

1. Where can I get JAMB Commerce Questions?

Ans = it is usually rare to find JAMB questions. Luckily for you, we have it available in our site. Go through this post to see it.

2. Are these the real JAMB expo questions?

Ans =  No! There is no such thing as JAMB Commerce expo questions. The questions above ae randomly repeated past questions.

3. Can I get these questions in PDF format?

Ans = Yes, you can. Contact us and drop your name and email address in the comment box below.

Need us to help you with more updated information at the right time about JAMB Commerce Questions? If yes, kindly provide us with your phone number and email address in the comment box below.

Feel free to ask any questions pertaining to this guide and also share this information with your friends on Facebook, Twitter, Whatsapp, and Google plus.

CSN Team

Comments (63)

Trackback URL | Comments RSS Feed

  1. Ade says:

    I need commerce and economics , please help me

  2. uche says:

    how can i get answer on english math commerce and economics…am having exam on tuesday by 1:30pm…..08144645356

  3. Nwankwo onyinye says:

    Please need help on mathematics,economics,commerce and english

  4. adewumi says:

    please I need help on economic and math. 08132479027

  5. Mariyam says:

    Pls How Can I Get Answers For English,mathematics,economics,commerce

  6. Paul says:

    Please I need commerce and economics

  7. Blessing boniface akpan says:

    Needs jamb questions and answers on english,math,econz and commerce 2018

  8. Stephanie Sunday says:

    English;maths and economics,commerce by 7amon Monday 12-3-218

  9. Ebuka nwankwo says:

    I need this pass question

  10. slanguy says:

    08144519948. pls I need jamb mock questions and answers for commerce and economics

  11. william says:

    Pls I need help on account, mathematics,economic,english

  12. Okpanachi Elias says:

    Please need help on Government and Commerce.

  13. THELMAJOY says:

    PLS I NEED UPDATE OF JAMB QUESTIONS ON COMMERCE,ECOMONIC.GOVT.AND ENGLISH THANK YOU

  14. Slimz says:

    Pls I need only commerce and maths 700 am thursday 08021383139

  15. Jude says:

    7am, please I need answers on English, maths,commerce and economic.

  16. Jude says:

    09038971127.

  17. Ukwueze mark oforma says:

    9 am free answer on commerce 2017

  18. mercy o says:

    please mine is today 17/05/2017 how do I get answers for English, economics, mathematics&commerce,09066270994 [email protected]. good morning sir/ma.

  19. SAMMY says:

    08084915956
    GOVT,COMMERCE AND MATHS

  20. Friday says:

    Dats my number 07088318336

  21. akinkunmi says:

    08181981235

  22. Fati says:

    Pls my exam is 17/5/2017 by 7:00am pls I need government, commerce, English and crk my number 07036503908.

  23. Plssssssss my exam is tomorrow 7.ooam pls i need answers pls

  24. zuzu says:

    Good morning, please I need for commerce economics and maths. Thanks

  25. Please I need your assistance with English, Economics,Accounting and Commerce is my phone number here 08062143448 The exam is by 1:30pm today 16/05/2017

  26. 07089051603 how do i get questions and answers in english maths economics and commerce

  27. Benjamin says:

    Plz my exam z tomoro by 1:30pm i gonna do math eng commerce economice plz i need it before d exam date 16th may

  28. Benjamin says:

    Plz my exam z tomoro by 1:30pm i gonna do math eng commerce economice plz i need it before d exam

  29. imom john says:

    please i need answers on english,mathamematics,comerce,and economics,this my number,09066381657

  30. imom john says:

    i need answers on maths,english,commerce and economics

  31. i need answer on english commerce economics and mathematics my exam is on the 20 9.00am

  32. suraju atanda says:

    current question

  33. I need answers on English commerce government economics I wl write on Tuesday by 1.30pm

  34. plz I need answers on English commerce government economics I wl write on Tuesday by 1.30pm

  35. plz I need answers on English commerce government economics I wl write on Tuesday 1.30pm

  36. Emmanuel T. says:

    Please I need Commerce,Biology and government thanks sir 08174560977 or [email protected] thanks.

  37. Hozil says:

    Please sir how can I get answer to commerce,Biology and Government thanks sir this my number 08174560977 and this my email [email protected] thanks sir.

  38. Christian says:

    How Do I Get Answers For Todays Monday Jamb,english,maths,economics,commerce

  39. Ade Adewale says:

    No.08080548342.PLC how may I get financial acct.and commerce Q&A for 15 may by 1:30pm

  40. Flexy says:

    p/s i need English, maths, economics, commerce questions nd answers 09099105712

  41. TOSENTO says:

    Pls I nid commerce questions and answers

  42. David says:

    Hw do i get answer on English mathematics commerce and government i need help on Thursday i have my paper at 7 am 09014957294

  43. David says:

    Hw do i get answer on English mathematics commerce and government i need help 09014957294

  44. David says:

    Hw can i get commerce question and answer

  45. vitals says:

    mine is on 13th tomorrow
    help me on English, Econs Government and Commerce.
    08089543978
    [email protected].

  46. Aminu says:

    Please I need help about the answers to Tuesday’s questions, jamb. Use of ENG, MATHS, PHY, BIO. 08133465159 [email protected]

  47. vandi says:

    [email protected] 07018850709 am writing 15/5/2017

  48. Chikwend Barnabas says:

    I Need English,literature,commerce And Government Question 4 This Year

  49. Lilimar says:

    I need commerce questions and answers for this year’s jamb

  50. shoetan omotolani says:

    How do I get mathematics English economic and commerce questions and answers correct one

  51. Danjumasaad says:

    Pls help me wit answer to commerce repeat question pls indis email [email protected]

  52. Akinsola Michael says:

    09068800938

  53. Akinsola Michael says:

    pls aw do I get financial accounting,economics and mathematics

  54. Precious gift says:

    It’s okay send me for econs, eng, maths, and comm. Questions from indepence too

  55. Precious gift says:

    It’s is helpful how can I get for Eng, Maths,Econs and questions from independence

  56. blazy ben says:

    please I need help on maths ,commerce and econs

  57. glory says:

    07035539461 english, geography, economics answers

  58. glory says:

    how can i get english,geography and economics answers

  59. Mercy says:

    How do i get biology,chemistry&physics?

  60. john says:

    How do i get the questions and answers for jamb 2017 pls

Hey Hi

Don't miss this opportunity

Enter Your Details