JAMB Commerce questions

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

1. Question 301· Warehousing· JAMB

   Manufacturers keep their own warehouses mainly to

   • Asell directly to tourists
   • Bstore raw materials and finished goods
   • Cadvertise
   • Dinsure

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   Answer: B. store raw materials and finished goods

   Explanation and discussion

2. Question 302· Warehousing· JAMB

   A warehouse is best located

   • Afar from any road
   • Bin a remote forest
   • Cnear transport routes, markets or production centres
   • Don a floodplain

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   Answer: C. near transport routes, markets or production centres

   Explanation and discussion

3. Question 303· Warehousing· JAMB

   A bonded warehouse is used to store

   • Agoods owned by government only
   • Bgoods for local retailers
   • Cperishable farm produce
   • Dimported goods on which duty has not been paid

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   Answer: D. imported goods on which duty has not been paid

   Explanation and discussion

4. Question 304· Warehousing· JAMB

   Which of these is a function of warehousing?

   • AIt makes seasonal goods available all year round
   • BIt moves goods from place to place
   • CIt insures goods against fire
   • DIt advertises goods

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   Answer: A. It makes seasonal goods available all year round

   Explanation and discussion

5. Question 305· Warehousing· JAMB

   A feature of a good warehouse is

   • Adistance from roads
   • Bno roof
   • Csecurity and suitable storage conditions
   • Dopen doors always

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   Answer: C. security and suitable storage conditions

   Explanation and discussion

6. Question 306· Warehousing· JAMB

   A warehouse owned by a manufacturer for keeping its own finished goods is

   • Aa public warehouse
   • Ba bonded warehouse
   • Ca private warehouse
   • Da customs shed

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   Answer: C. a private warehouse

   Explanation and discussion

7. Question 307· Warehousing· JAMB

   Imported goods kept in a bonded warehouse may be released after the importer has

   • Apaid VAT to the retailer
   • Breceived an invoice
   • Cpaid the customs duty
   • Dreceived an insurance claim

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   Answer: C. paid the customs duty

   Explanation and discussion