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. African affairs

b. security matters.

c. political and social matters

d. the Economic Commission of Africa.

2 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. 5:1

b. 25.5:1

c. 4.5:1

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 consular invoice

b. A shipping note

c. A mail transfer

d. A bill of lading

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. fax machine

c. vending machine

d. computer machine

5 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. interest

b. aptitude

c. skills

d. training

6 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. the motivational factors in the company difficult to monitor

b. the control mechanism difficult to implement

c. a company's management style ineffective

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 supply

c. price of the goods

d. type of demand

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. cheap

c. accessible

d. informative

9 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. consumerism

b. advertising

c. marketing

d. promotion

10 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. primary market

b. stock exchanger

c. money market

d. secondary markets

11 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. bill of sight

b. certificate of origin

c. declaration form

d. bill of lading

12 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. carried inward

b. carried forward

c. carried outward

d. carried paid

13 / 40

Category: JAMB Past Questions: Commerce 2021

13. The turnover of firm may be affected by

a. its net assets

b. its closing stock

c. the demand for its product

d. the cost of its goods sold

14 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. government bonds

b. ordinary shares

c. preferred shares

d. debenture

15 / 40

Category: JAMB Past Questions: Commerce 2021

15. The person who undertakes any risk in Insurance

a. an insurer

b. a broker business is known as

c. an underwriter

d. an actuary

16 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. manufacturing

b. banking

c. railway

d. insurance

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. May 1887

b. August 1885

c. December 1888

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, II and IV

b. II, III and IV

c. I and II

d. I and III

19 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. Abuja, Nigeria

b. Niamey, Niger

c. Ouagadougou, Burkina Faso

d. Bamako, Mali

20 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. Nigeria Employers Consultative Association

b. Manufacturers Association of Nigeria

c. Nigerian Union of Local Government Employees

d. Nigeria Labour Congress

21 / 40

Category: JAMB Past Questions: Commerce 2021

21. Consumer sovereignty means that the consumer is…

a. a citizen

b. always independent

c. always wrong

d. always right

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. ordering a bank on demand a stated sum of money

b. used for paying into bank account

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

d. used for regular withdrawal of money from an account

24 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. immediate delivery

b. long-term delivery

c. short-term delivery

d. end of the delivery

25 / 40

Category: JAMB Past Questions: Commerce 2021

25. Freight note is a document …

a. used for payment of imported goods

b. issues by a shipping company giving details of charges

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

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. I and II only

b. I and III only

c. III and IV only

d. II 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. indigene

c. share holders

d. government

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. an Implied contract

c. a complete simple contract

d. an offer but no acceptance

29 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. consent

b. intentions

c. authority

d. will

30 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. Innovation

b. attribute

c. Fashion

d. Fad

31 / 40

Category: JAMB Past Questions: Commerce 2021

31. The element of the marketing mix are

a. personal selling, advertising and research

b. product, promotion, place and price

c. procurement, price, product and place

d. promotion, production, place and price

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. meant for the shares of quoted private companies

d. an appendage to the Nigeria stock exchange

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 Export-Import Bank

b. Nigerian Deposit Insurance Corporation

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. drawee

b. payer

c. payee

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

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

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

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

36 / 40

Category: JAMB Past Questions: Commerce 2021

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

a. terms of trade

b. balance of trade

c. terms of payment

d. balance of payments

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. personal selling

c. mail-order selling

d. retailing

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. conditioning

b. synthesis

c. merging

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. constructive

b. processing

c. manufacturing

d. extractive

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. be consumers oriented

d. Train their personnel

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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