JAMB CBT App
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1
Which of the following is a commercial service?
A Transporting
B Garri processing
C Oil drilling
D Lumbering
↪ Answer
Correct Option: A
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2
The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?
A decentralization
B diversification
C commercialization
D specialization
↪ Answer
Correct Option: D
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3
The major divisions of commerce are?
A import, export and banking
B home trade and foreign trade
C trade and aids to trade
D exchange, consumption and production
↪ Answer
Correct Option: C
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4
The sole purpose of production is?
A employment
B promotion
C consumption
D competition
↪ Answer
Correct Option: C
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5
Commerce developed as a result of?
A speculation
B competition
C specialization
D importation
↪ Answer
Correct Option: C
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6
Which of the following is concerned with obtaining raw materials from their natural locations?
A Extractive industry
B Manufacturing industry
C Construction industry
D Transport industry
↪ Answer
Correct Option: A
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7
In which of the following classes of occupation would you place a commerce teacher?
A Commercial
B Extractive
C Direct service
D Manufacturing
↪ Answer
Correct Option: C
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8
Turnover may be increased by?
A increasing prices and product differentiation
B advertising and cutting prices
C refusing credits and customer services
D increasing the mark-up
↪ Answer
Correct Option: B
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9
The advantage road transport has over other means of transport is that?
A intermediate terminal handling is eliminated by door-to-door delivery
B specialised vehicles can be used to carry certain goods
C packaging is very easy as experts handle it
D canteen services are provided
↪ Answer
Correct Option: A
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10
In winding-up a company, the assets of the company are vested in the hands of the?
A receiver
B liquidator
C registrar of companies
D directors of companies
↪ Answer
Correct Option: B
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JAMB CBT APP
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