Practice thousands of real past questions for Commerce in JAMB / UTME. See answers and detailed explanations. Free, no login needed.
Answer each question, then click "Show Answer" to see the explanation.
The NAFDAC is responsible for ___.
Correct answer: Option B — Controlling food and drug standards in Nigeria
NAFDAC (National Agency for Food and Drug Administration and Control) regulates and controls the manufacturing, importation, distribution, sale of food, drugs, and chemicals in Nigeria.
The document that contains the fundamental rules governing a company is called ___.
Correct answer: Option B — Memorandum of Association
The Memorandum of Association is the charter of a company defining its external relationship, objectives, and scope of activities.
Bills of exchange are used mainly in ___.
Correct answer: Option B — International trade
A bill of exchange is a written order used mainly in international trade as a means of payment at a future date.
A co-operative society is owned by ___.
Correct answer: Option B — Its members
A co-operative society is a voluntary association owned and democratically controlled by its members for their mutual benefit.
A retail outlet that sells large quantities of goods in a self-service environment is called a ___.
Correct answer: Option B — Supermarket
A supermarket is a large retail store offering a wide variety of food and household goods, self-service style.
You've seen 5 free real exam questions. JAMB / UTME Commerce has thousands of past questions in total. Unlock full access with timed mock exams, score tracking and much more.