JAMB Commerce Past Questions 2011
10 questions from the JAMB 2011 Commerce paper, with answers and explanations. Tap "Show answer" under each one when you are ready.
JAMB 2011Question 1 · Business Organisation and Management
The business organization that can effectively combine management with control is?
- A.private limited liability company
- B.sole proprietorship
- C.public limited liability company
- D.co-operation society
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Answer: A. private limited liability company
A private limited liability company effectively combines management with control.
JAMB 2011Question 2 · Business Organisation and Management
The arrangement and interrelationship of the various components and positions of a business is referred to as?
- A.organizational structure
- B.clarity of objective
- C.unity of direction
- D.line structure
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Answer: A. organizational structure
Organizational structure is the arrangement and interrelationship of a business's components and positions.
JAMB 2011Question 3 · Commerce Fundamentals and Occupations
Service rendered to the public is provided by?
- A.governement
- B.civil servants
- C.professionals
- D.domestic servants
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Answer: A. governement
Government provides services rendered to the public.
JAMB 2011Question 4 · International, Wholesale, and Retail Trade
An individual that links the producer with the retailer is?
- A.an agent
- B.a wholesaler
- C.an entrepreneur
- D.a principal
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Answer: B. a wholesaler
A wholesaler links the producer with the retailer.
JAMB 2011Question 5 · International, Wholesale, and Retail Trade
The document which can be exchange for a bill of lading is?
- A.freight note
- B.mate receipt
- C.export invoice
- D.ship report
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Answer: B. mate receipt
A mate's receipt can be exchanged for a bill of lading.
JAMB 2011Question 6 · Marketing and Advertising
The most effective nut limited medium of advertising in Nigeria is?
- A.billboard
- B.television
- C.newspaper
- D.radio
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Answer: B. television
Television is the most effective (though costly) advertising medium in Nigeria.
JAMB 2011Question 7 · Money, Banking, and Stock Exchange
A document that indicates obligation that is transferable by delivery and endorsement is a?
- A.bill of lading
- B.bill of exchange
- C.documentary evidence
- D.negotiable instrument
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Answer: D. negotiable instrument
A negotiable instrument is transferable by delivery and endorsement.
JAMB 2011Question 8 · Money, Banking, and Stock Exchange
Second-tier Securities Market differ from the First-tier Securities Market in that the former is?
- A.highly restricted
- B.regulated by the SEC
- C.regulated by the NIPC
- D.less restricted
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Answer: D. less restricted
The Second-tier Securities Market is less restricted than the First-tier market.
JAMB 2011Question 9 · Office Practice and ICT
A predominant make-up language for web pages is the?
- A.IP
- B.HTTP
- C.HTML
- D.TCP
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Answer: C. HTML
HTML is the predominant markup language for web pages.
JAMB 2011Question 10 · Production and Insurance
Resources obtained from the extractive sector that are transformed into finished products are examples of?
- A.primary production
- B.tertiary production
- C.direct production
- D.secondary production
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Answer: D. secondary production
Extractive resources transformed into finished products constitute secondary production.
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