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JAMB Commerce questions: Commerce and its scope

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

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

  1. Question 1· Commerce and its scope· JAMB

    Commerce is best described as the

    Explanation and discussion

  2. Question 2· Commerce and its scope· JAMB

    The barrier of distance between producers and consumers is removed mainly by

    Explanation and discussion

  3. Question 3· Commerce and its scope· JAMB

    The hindrance of risk to trade is removed by

    Explanation and discussion

  4. Question 4· Commerce and its scope· JAMB

    In pre-colonial Nigeria, cowrie shells were used as

    Explanation and discussion

  5. Question 5· Commerce and its scope· JAMB

    Which of the following is NOT an aid to trade?

    Explanation and discussion

  6. Question 6· Commerce and its scope· JAMB

    The hindrance of ignorance in trade is removed by

    Explanation and discussion

  7. Question 7· Commerce and its scope· JAMB

    The hindrance of risk in trade is removed by

    Explanation and discussion

  8. Question 8· Commerce and its scope· JAMB

    The hindrance of time between production and consumption is removed mainly by

    Explanation and discussion

  9. Question 9· Commerce and its scope· JAMB

    Distance between producers in Kano and consumers in Lagos is a hindrance removed mainly by

    Explanation and discussion

  10. Question 10· Commerce and its scope· JAMB

    Which branch of commerce links producers and consumers through buying and selling?

    Explanation and discussion

  11. Question 11· Commerce and its scope· JAMB

    Commercial occupations are those concerned with

    Explanation and discussion

  12. Question 12· Commerce and its scope· JAMB

    Barter was common in pre-colonial markets because

    Explanation and discussion

  13. Question 13· Commerce and its scope· JAMB

    Trade and the aids to trade together make up

    Explanation and discussion

  14. Question 14· Commerce and its scope· JAMB

    Which of these activities is part of trade rather than an aid to trade?

    Explanation and discussion

  15. Question 15· Commerce and its scope· JAMB

    Which of the following is an aid to trade?

    Explanation and discussion

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