JAMB Commerce questions

307 questions with answers and explanations. Tap an option to check yourself.

All topics Advertising and marketing · 16 Business management and environment · 17 Commerce and its scope · 15 Communication · 16 Computers and ICT in business · 14 Consumer protection · 14 Documents used in trade · 16 Elements of commercial law · 15 Financing a business · 16 Foreign trade · 21 Forms of business organisation · 21 Home trade: retail and wholesale · 21 Insurance · 21 Money and banking · 21 Occupation and production · 16 The stock exchange · 17 Transport · 17 Warehousing · 13

Question 241· Money and banking· JAMB
Microfinance banks mainly serve
Explanation and discussion
Question 242· Money and banking· JAMB
A cheque that can only be paid into a bank account and not cashed over the counter is
Explanation and discussion
Question 243· Money and banking· JAMB
An arrangement that lets a current account holder withdraw more than the balance, up to an agreed limit, is
Explanation and discussion
Question 244· Money and banking· JAMB
An instruction from a customer to the bank to pay a fixed sum to another person at regular intervals is a
Explanation and discussion
Question 245· Occupation and production· JAMB
A farmer selling yams at Bodija market is engaged in
Explanation and discussion
Question 246· Occupation and production· JAMB
Division of labour is limited mainly by
Explanation and discussion
Question 247· Occupation and production· JAMB
Building roads and houses is an example of
Explanation and discussion
Question 248· Occupation and production· JAMB
Building bridges and roads is classified as
Explanation and discussion
Question 249· Occupation and production· JAMB
Which of these renders an indirect service?
Explanation and discussion
Question 250· Occupation and production· JAMB
A disadvantage of specialisation is
Explanation and discussion
Question 251· Occupation and production· JAMB
A major disadvantage of specialisation to the worker is
Explanation and discussion
Question 252· Occupation and production· JAMB
An advantage of division of labour to the worker is
Explanation and discussion
Question 253· Occupation and production· JAMB
A carpenter who makes furniture from timber is engaged in
Explanation and discussion
Question 254· Occupation and production· JAMB
Production is complete only when goods
Explanation and discussion
Question 255· Occupation and production· JAMB
Producing goods for one's own consumption only is known as
Explanation and discussion
Question 256· Occupation and production· JAMB
Mining and quarrying are examples of
Explanation and discussion
Question 257· Occupation and production· JAMB
A police officer, a soldier and a civil servant all render
Explanation and discussion
Question 258· Occupation and production· JAMB
A fisherman on Lake Kainji is engaged in which type of occupation?
Explanation and discussion
Question 259· Occupation and production· JAMB
Utility in production means
Explanation and discussion
Question 260· Occupation and production· JAMB
Which of the following is engaged in secondary production?
Explanation and discussion

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JAMB Commerce questions

Microfinance banks mainly serve

A cheque that can only be paid into a bank account and not cashed over the counter is

An arrangement that lets a current account holder withdraw more than the balance, up to an agreed limit, is

An instruction from a customer to the bank to pay a fixed sum to another person at regular intervals is a

A farmer selling yams at Bodija market is engaged in

Division of labour is limited mainly by

Building roads and houses is an example of

Building bridges and roads is classified as

Which of these renders an indirect service?

A disadvantage of specialisation is

A major disadvantage of specialisation to the worker is

An advantage of division of labour to the worker is

A carpenter who makes furniture from timber is engaged in

Production is complete only when goods

Producing goods for one's own consumption only is known as

Mining and quarrying are examples of

A police officer, a soldier and a civil servant all render

A fisherman on Lake Kainji is engaged in which type of occupation?

Utility in production means

Which of the following is engaged in secondary production?