Download Correct and likely JAMB CBT Commerce Questions and Answers available online today: Get the latest free objectives JAMB UTME Commerce Expo runs to score high in your JAMB with steps to Successfully Answers JAMB Commerce Questions here.
The Joint Admission and Matriculation Board, JAMB Commerce Exams details is now here for candidates looking for the current Commerce JAMB CBT Questions and Answers for 2026.
The AMB Commerce Past Questions and Answers is for practice purpose and other necessary information to guide candidates while the exams. Read and follow them accordingly to pass the exams. The latest news on Today’s CBT Questions will be made available for all interested candidates.
Commerce JAMB Past Objectives Questions and Answers
Below are JAMB Commerce Sample Past Questions and Answers: Make sure you read the passage carefully before attempting the questions. You are expected to take only one option.
1. In law of contract, a counter offer operates as
- A. a contract
- B. a rejection
- C. an offer
- D. an acceptance
Answer: B (a rejection)
2. The Central Bank Monetary policy instrument by which it buys and sells securities is called
- A. open market operation
- B. bank rate
- C. cash reserve ratio
- D. bank credit
Answer: A (open market operation)
3. If a business uses part of its profit to develop the area where it operates, the business is fulfilling its
- A. economic responsibilities
- B. managerial responsibilities
- C. marketing responsibilities
- D. social responsibilities
Answer: D (social responsibilities)
4. The four P’s of marketing are also known as
- A. marketing mix
- B. advertising mix
- C. promotion mix
- D. product mix
Answer: A (marketing mix)
5. Why is clean bill of lading called so?
- A. it shows records of damaged goods
- B. it shows not records of damaged goods
- C. it is a clear bill
- D. it signifies no debt is owed
Answer: B (it shows not records of damaged goods)
6. The stock exchange is a market where
- A. long term securities are sold
- B. medium term securities are sold
- C. all types of securities are sold
- D. short-term securities are sold
Answer: C (all types of securities are sold)
7. A demonstration of social responsibility by a business is the payment of
- A. interests on loans
- B. taxes to government
- C. dividends to shareholders
- D. premium on insurance
Answer: B (taxes to government)
8. An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called agent
- A. general
- B. special
- C. sales
- D. del-credere
Answer: D (del-credere)
9. A type of partnership in which all partners have unlimited liability and jointly manage the business is known as partnership.
- A. ordinary
- B. nominal
- C. unlimited
- D. Limited
Answer: C (unlimited)
10. Which of the following types of insurance is usually excluded from the principle of indemnity?
- A. Fire
- B. Fidelity Guarantee
- C. Marine
- D. Life
Answer: D (Life)
11. The term “caveat emptor” implies that
- A. goods have been transferred to the buyer
- B. let the buyer beware
- C. let the seller beware
- D. goods are still with the seller
Answer: B (let the buyer beware)
12. A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
- A. jobber
- B. bull
- C. broker
- D. bear
Answer: B (bull)
13. One of the easiest means of transporting petroleum product is by
- A. pipeline
- B. air
- C. road
- D. rail
Answer: A (pipeline)
14. Gross profit can be calculated as
- A. Sales minus purchases
- B. Sales minus cost of good sold
- C. cost of goods available for sales minus sale
- D. Cost of good sold minus cost of goods available for sale
Answer: B (Sales minus cost of good sold)
15. In the event of winding up of a company, who among the following is paid last?
- A. Preference Shareholders
- B. Ordinary shareholders
- C. Cumulative preference shareholders
- D. Debenture holders
Answer: B (Ordinary shareholders)
16. The Nigeria Enterprises promotion Decree brought about policy
- A. nationalization
- B. industrialization
- C. indigenization
- D. privatization
Answer: C (indigenization)
17. A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
- A. liner
- B. tanker
- C. tramp
- D. ferry
Answer: C (tramp)
18. Which of these is NOT a governments legislation to protect the consumer?
- A. Foods and drugs
- B. Weight and measure
- C. Privatization and commercialization
- D. Trade description
Answer: C (Privatization and commercialization)
19. The advertising medium which uses electric current in bulbs is referred to as
- A. posters
- B. television
- C. neon signs
- D. bill boards
Answer: C (neon signs)]
20. Bonded warehouse is controlled and supervised by
- A. customs
- B. navy
- C. immigration
- D. police
Answer: A (customs)
21.The association that encourages savings for the benefit of its members is known as
- A. Consumer association
- B. Credit and thrift co-operative society
- C. Consumer co-operative society
- D. Producer co-operative society
Answer: B (Credit and thrift co-operative society)
22. The aid to trade which enables producer and consumer to transact business without physical contact is known as
- A. tourism
- B. communication
- C. advertising
- D. insurance
Answer: C (communication)
23. The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
- A. utmost good faith
- B. insurable interest
- C. indemnity
- D. subrogation
Answer: C (indemnity)
24. The rules and regulations guiding the conduct of business transactions are known as law
- A. criminal
- B. common
- C. contract
- D. commercial
Answer: D (commercial)
25.Departmental store, supermarket and chain store are examples of
- A. small scale retailers
- B. medium scale producers
- C. large scale retailers
- D. large scale whole-salers
Answer: C (large scale retailers)
26. The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
- A. credit note
- B. advice note
- C. invoice
- D. debt note
Answer: C (invoice)
27. The following are functions of marketing EXCEPT
- A. packaging
- B. distribution
- C. insurance
- ]D. advertising
Answer: C (insurance)
To Make the best out of the exams, we encourage candidates to read the questions carefully before taking any option. The idea is that you will understand the questions very well. There are some questions that demand less time while others do not. Calculate your time very well.
JAMB most Repeated Questions on Commerce
The most Repeated Questions are often from the Hot Topics on Commerce.
The following Subjects will not fail to appear:
- Occupation
- Production
- Trade
- Purchase and Sale of Goods
- Aids to Trade
- Business Units
- Financing Business
- Trade Asociation
- Stock Exchange
- Money
- Elements of Business Management
- Element Of Marketing
- Legal Aspects of Business
- Information and Communication Technology (ICT)
- Business Environment and Social Responsibility
Duration for JAMB Commerce Exams:
The time expected to answer Commerce questions may not be more than 50 minutes. Remember that you will have three subjects to tackle, do not waste your time in one subject. The total time for the three subjects will be within 2 hours 30 minutes.
Conclusion
It is important to remind candidates that infoshoutloud.com.ng team do not in anyway supply JAMB Candidates with JAMB expo but provide useful information and guidelines on how to pass and Score high in the Unified Tertiary Matriculation Examination, UTME. Make good use of the jamb syllabus, practice past Questions and prepare adequately for the exams.
I hope you have all you needed on JAMB Commerce Questions and Answers, leave your questions on the comments section below.
Related Post:
- JAMB Subject Combination for all Courses
- JAMB Recommended Textbook for all Subjects
- JAMB Computer Studies Questions and Answers
- JAMB Chemistry Questions and Answers
- JAMB Literature in English Questions and Answers
- JAMB Use of English Questions and Answers
- JAMB Biology Questions and Answers
- JAMB Physics Questions and Answers
