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Commerce Past Questions

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4596

Mr ojo borrowed N54,000 from a commercial bank and deposited his life insurance certificate with the bank. The certificate
deposited serves as

 

  • A. a current asset
  • B. a collateral security
  • C. an interest charged
  • D. a loan repayment
View Answer & Discuss JAMB 2025
4597

Which of the following legislation aims primarily at protection of consumers?

 

  • A. Trade Description Act
  • B. Partnership Act
  • C. Law of Contract
  • D. Company's Act
View Answer & Discuss JAMB 2025
4598

A disadvantage of commercialization to consumers is that

 

  • A. customers do not have value for their money
  • B. it reduces loyalty of workers
  • C. it promotes inefficiency
  • D. prices of products increase
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4599

The process of placing the right people in the right position is an organization is

 

  • A. directing
  • B. motivating
  • C. planning
  • D. staffing
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4600

Commercial activities among West African countries are greatly hindered by

 

  • A. nationalization decree
  • B. good road network
  • C. lack of an acceptable medium of exchange
  • D. too many commercial banks
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