Commerce JAMB Past Questions and Answers 2021

This is the perfect platform for students who want to practice commerce questions from previous JAMB exams. It’s really easy to use, and you’ll find lots of multiple-choice questions related to the commerce subject.

After you’ve completed the Commerce JAMB past questions, you can check your performance. This will help you identify areas where you need improvement and gain a better understanding of commerce for your upcoming JAMB exam.

Even if it’s your first time taking the JAMB exam, this website can help you prepare. It will boost your confidence when it comes to answering questions about commerce in the exam.

Once you’ve finished answering the questions, the results page will display which questions you got right and which ones you got wrong. This way, you can keep improving your knowledge of commerce and perform well in your JAMB exam. If you’re searching for JAMB past questions, you’re in the right place!

Click on "Start" button to begin. If you do not know the question, choose any and continue.

Note! You have 35 minutes to complete the questions.

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Commerce JAMB 2021

Click START to begin. It is 40 questions.

1 / 40

Category: JAMB Past Questions: government 2021

1. Professor Ibrahim Gambari was the Special Assistant to the United Nations Secretary General on …

a. security matters.

b. the Economic Commission of Africa.

c. political and social matters

d. African affairs

2 / 40

Category: JAMB Past Questions: Commerce 2021

Use the above information to answer this question What is the current ratio?

a. 4.5:1

b. 5:1

c. 25.5:1

d. 4:1

3 / 40

Category: JAMB Past Questions: Commerce 2021

3. What document is required when a country imposes ad valorem import duties on goods?

a. A shipping note

b. A bill of lading

c. A mail transfer

d. A consular invoice

4 / 40

Category: JAMB Past Questions: Commerce 2021

4. A machine which enable sales without the physical presence of a sales attendance is a …

a. telex machine

b. computer machine

c. vending machine

d. fax machine

5 / 40

Category: JAMB Past Questions: Commerce 2021

5. One of the factors which critically determines the choice of occupation is …

a. skills

b. interest

c. aptitude

d. training

6 / 40

Category: JAMB Past Questions: Commerce 2021

6. Sudden technology changes can have the effect of making …

a. a company's management style ineffective

b. the motivational factors in the company difficult to monitor

c. the control mechanism difficult to implement

d. a company's product obsolete

7 / 40

Category: JAMB Past Questions: Commerce 2021

7. One of the criteria for differentiating consumers markets from industrial ones is the …

a. nature of the services rendered

b. type of demand

c. type of supply

d. price of the goods

8 / 40

Category: JAMB Past Questions: Commerce 2021

8. The main advantage of using cinema as an advertising medium is that it is …

a. accurate

b. informative

c. cheap

d. accessible

9 / 40

Category: JAMB Past Questions: Commerce 2021

9. The process of creating more for a product is called…

a. marketing

b. promotion

c. advertising

d. consumerism

10 / 40

Category: JAMB Past Questions: Commerce 2021

10. A market where new shares are trade is known as …

a. secondary markets

b. money market

c. primary market

d. stock exchanger

11 / 40

Category: JAMB Past Questions: Commerce 2021

11. In foreign trade, a document of title is known as…

a. bill of lading

b. declaration form

c. certificate of origin

d. bill of sight

12 / 40

Category: JAMB Past Questions: Commerce 2021

12. The cost of transporting goods to consumers is called ……

a. carried forward

b. carried inward

c. carried paid

d. carried outward

13 / 40

Category: JAMB Past Questions: Commerce 2021

13. The turnover of firm may be affected by

a. its closing stock

b. the cost of its goods sold

c. its net assets

d. the demand for its product

14 / 40

Category: JAMB Past Questions: Commerce 2021

14. One type of investment that have a variable income is

a. preferred shares

b. ordinary shares

c. government bonds

d. debenture

15 / 40

Category: JAMB Past Questions: Commerce 2021

15. The person who undertakes any risk in Insurance

a. an actuary

b. an insurer

c. a broker business is known as

d. an underwriter

16 / 40

Category: JAMB Past Questions: Commerce 2021

16. Transport, retailing and wholesaling industries rely heavily on .…

a. railway

b. insurance

c. manufacturing

d. banking

17 / 40

Category: JAMB Past Questions: Commerce 2021

17. A royal charter was granted to the Royal Niger Company to do business in Nigeria in …

a. December 1888

b. May 1887

c. August 1885

d. July 1886

18 / 40

Category: JAMB Past Questions: Commerce 2021

18. Which of the following are the components of commerce? I. Trading and advertising II. Warehousing and transportation III. Packaging and branding IV. Insurance and banking

a. I and II

b. I and III

c. II, III and IV

d. I, II and IV

19 / 40

Category: JAMB Past Questions: Commerce 2021

19. The secretariat of the Niger Basin Commission is located at …

a. Bamako, Mali

b. Abuja, Nigeria

c. Ouagadougou, Burkina Faso

d. Niamey, Niger

20 / 40

Category: JAMB Past Questions: Commerce 2021

20. Which of the following organisations represents those who engage labour in Nigeria?

a. Nigerian Union of Local Government Employees

b. Manufacturers Association of Nigeria

c. Nigeria Labour Congress

d. Nigeria Employers Consultative Association

21 / 40

Category: JAMB Past Questions: Commerce 2021

21. Consumer sovereignty means that the consumer is…

a. always independent

b. always right

c. a citizen

d. always wrong

22 / 40

Category: JAMB Past Questions: Commerce 2021

22. The breaking down of a market into separate and identifiable elements each with its own special product requirement is known as market …

a. segmentation

b. identification

c. penetration

d. differentiation

23 / 40

Category: JAMB Past Questions: Commerce 2021

23. A bank statement is a document…

a. used for regular withdrawal of money from an account

b. ordering a bank on demand a stated sum of money

c. containing records of receipts, payments and balance on an account

d. used for paying into bank account

24 / 40

Category: JAMB Past Questions: Commerce 2021

24. Spot market goods are those which are available for ……

a. immediate delivery

b. end of the delivery

c. short-term delivery

d. long-term delivery

25 / 40

Category: JAMB Past Questions: Commerce 2021

25. Freight note is a document …

a. issues by a shipping company giving details of charges

b. given by an importer to pay for goods at a future period

c. used for payment of imported goods

d. A. used by government to transport goods from one country to another

26 / 40

Category: JAMB Past Questions: Commerce 2021

26. What are the factors with which commercial undertaking can be distinguished? I. Size of the undertaking II. Profits generated III. Forms of ownership IV. Location of the undertaking

a. III and IV only

b. I and III only

c. II and II only

d. I and II only

27 / 40

Category: JAMB Past Questions: Commerce 2021

27. Nationalisation of an industry means that its ownership becomes that of …

a. taxpayer

b. government

c. indigene

d. share holders

28 / 40

Category: JAMB Past Questions: Commerce 2021

28. Mr Musa says to Mr Bello 'I will sell you this hat for N30'. And Mr Bello replied 'I will pay N29'. The contract is …

a. an offer and acceptance

b. a complete simple contract

c. an offer but no acceptance

d. an Implied contract

29 / 40

Category: JAMB Past Questions: Commerce 2021

29. Which of the following must be present in an agency by agreement?

a. consent

b. will

c. authority

d. intentions

30 / 40

Category: JAMB Past Questions: Commerce 2021

30. Which of the following items has the shortest effect on the consumer?

a. Fashion

b. attribute

c. Innovation

d. Fad

31 / 40

Category: JAMB Past Questions: Commerce 2021

31. The element of the marketing mix are

a. product, promotion, place and price

b. promotion, production, place and price

c. personal selling, advertising and research

d. procurement, price, product and place

32 / 40

Category: JAMB Past Questions: Commerce 2021

32. The second tier security market is .............

a. a member of the Nigeria stock exchange

b. a regulating arm of the Nigeria stock exchange

c. an appendage to the Nigeria stock exchange

d. meant for the shares of quoted private companies

33 / 40

Category: JAMB Past Questions: Commerce 2021

33. The financial institution established to boost Nigeria's trade with the rest of the world is called…

a. Nigerian Deposit Insurance Corporation

b. Nigerian Export-Import Bank

c. Nigerian Economic Reconstruction Fund

d. Nigeria Industrial Development Bank

34 / 40

Category: JAMB Past Questions: Commerce 2021

34. Drawing two parallel lines across a cheque means that it has to be paid into the account of the

a. payee

b. drawee

c. payer

d. drawer

35 / 40

Category: JAMB Past Questions: Commerce 2021

35. One of the effects of the devaluation of the Naira is that the …

a. imports that can be brought with the Naira have become costlier

b. goods that can be imported with the Naira have become cheaper

c. goods that can be exported from Nigeria have become costlier

d. value of other currencies relative to the Naira have become cheaper

36 / 40

Category: JAMB Past Questions: Commerce 2021

36. The rate at which a country's exports exchange for its imports is called.…

a. balance of trade

b. balance of payments

c. terms of payment

d. terms of trade

37 / 40

Category: JAMB Past Questions: Commerce 2021

37. The use of coin-operated machines to sell goods is a form of …

a. wholesaling

b. mail-order selling

c. retailing

d. personal selling

38 / 40

Category: JAMB Past Questions: Commerce 2021

38. The production process that combines two or more raw materials into one end product is …

a. merging

b. conditioning

c. synthesis

d. blending

39 / 40

Category: JAMB Past Questions: Commerce 2021

39. The type of activity which turns processed raw materials into consumer and industrial goods is described as …

a. extractive

b. processing

c. manufacturing

d. constructive

40 / 40

Category: JAMB Past Questions: Commerce 2021

40. An underlined principle in the marketing of goods is that firms should

a. advertise the goods

b. sell through outlets

c. Train their personnel

d. be consumers oriented

Your score is

What to Bring and Avoid at the JAMB Examination Hall?

Preparing for the Joint Admissions Matriculation Board (JAMB) examination requires careful consideration of the items you bring to the exam hall. Here is a guide to help you navigate this critical aspect of your exam day:

Items to Bring:

JAMB Exam Slip Copies: Carry two printed copies of your JAMB exam slip—one for yourself and one for the invigilator.
Pencil/Eraser: Essential for making sketches and corrections during the exam.
Cash: While not a JAMB requirement, having sufficient cash on hand is a good precaution for unforeseen circumstances.

Prohibited Items:

Candidates must strictly avoid bringing any of these items into the exam venue to prevent penalties or disqualification:

Caps of Any Kind
Pen/Biro
Mobile Phones or Any Electronic Devices
Spy Reading Glasses
Calculators or Similar Electronic Devices
USBs
CDs
Wrist Watches
Books or Any Reading/Writing Materials
Cameras
Recorders
Microphones
Ear Pieces
Ink/Pen Readers
Smart Lenses
Smart Rings/Jewelry
Smart Buttons and Bluetooth Devices
Hard Disks or Similar Storage Devices

Be vigilant and adhere to these guidelines to ensure a smooth and successful JAMB examination experience. Best of luck!

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