JAMB Commerce practice questions
Five free Commerce questions with answers and explanations. The UTME Commerce paper has 40 questions. Practise the full paper in a timed CBT on your phone.
Try five Commerce questions
Question 1. Commerce is made up of
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A: trade and aids to trade. Commerce covers buying and selling (trade) plus the services that make it easier, such as banking and transport.
Question 2. In insurance, the duty to disclose all material facts is the principle of
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B: utmost good faith. Utmost good faith (uberrimae fidei) requires both parties to disclose every material fact.
Question 3. The document a seller sends to a buyer showing the goods supplied and the amount owed is
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B: an invoice. An invoice is a bill for goods supplied. A receipt is proof that payment was made.
Question 4. A trader who buys in bulk from manufacturers and sells in smaller quantities to retailers is a
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A: wholesaler. The wholesaler sits between the manufacturer and the retailer.
Question 5. The bank that issues Nigeria's currency and acts as banker to the government is
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C: the Central Bank of Nigeria. The Central Bank of Nigeria issues the naira and is banker to the government and to other banks.
What the Commerce paper covers
- Trade: home and foreign trade
- Aids to trade: banking, insurance, transport, communication, advertising
- Business units and finance
- Documents of trade
- Consumer protection
These are the main areas. JAMB publishes the full syllabus for each subject, so use it as your checklist.
Practise the rest in a timed CBT
Etest JAMB CBT has 5,553 past questions across 11 subjects, each with the answer and an explanation. Set the timer, take the exam, then see your score subject by subject and review every answer.
Practice is free to start. Read more on the JAMB CBT practice page or in how to choose a JAMB CBT app.
Commerce questions people ask
How many questions are in the JAMB Commerce paper?
40 questions.
Is Commerce compulsory in JAMB?
Only if your course asks for it. Use of English is compulsory; the other three subjects depend on the course you apply for, so check its requirements in JAMB's brochure.
Are these real JAMB questions?
No. The five questions on this page were written for practice. The Etest JAMB CBT app has past questions with explanations.
Is this official JAMB material?
No. Etest JAMB CBT is an independent practice app and is not linked to JAMB.