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Commerce 2012 JAMB Past Questions

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11

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as

  • A. 3/9;net 30
  • B. 9/27;net 30
  • C. 30;net 9/3
  • D. 9/30;net 3
View Answer & Discuss (1) JAMB 2012
12

Which of the following is a characteristic of a bearer cheque

  • A. it is made with transverse lines
  • B. it is made payable to whoever presents it
  • C. it is made without transverse lines
  • D. it is only payable into the payees account
View Answer & Discuss JAMB 2012
13

A bill of exchange paid before its due date at an amount less than its face value is said to have been

  • A. accepted
  • B. rejected
  • C. discounted
  • D. dishonoured
View Answer & Discuss JAMB 2012
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14

The most effective type of advertising for branded products is

  • A. mass advertising
  • B. persuasive advertising
  • C. informative advertising
  • D. competitive advertising
View Answer & Discuss JAMB 2012
15

A current account holder pays fees for services in form of

  • A. bank charges
  • B. interest rates
  • C. commission on turnover
  • D. minimum lending rate
View Answer & Discuss JAMB 2012
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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