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Likely 2027 JAMB Cbt Commerce Questions and Answers

Date Published: 2026-07-26 10:35:48
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Date Modified: 2026-07-29 04:38:58

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Likely 2027 JAMB Cbt Commerce Questions and Answers:

What will Jamb set in commerce for 2027 UTME and what are the top hot likely questions to come out in Jamb Commerce? Continue reading for Jamb commerce Questions and Answers.

Likely 2027 JAMB Cbt Commerce Questions and Answers
Likely 2027 JAMB Cbt Commerce Questions and Answers

The 40 Questions and answers will cover every Chapter in Jamb commerce. However, the Likely commerce Questions will not be arranged topic by topic.

 

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Top Likely 2027 JAMB Cbt Commerce Questions and Answers

 

  • 1. What is the Capital market for?

 

Answer: Long term loans

 

  • 2. A document sent to a customer at regular intervals to enable him know his indebtedness to his supplies is known as

 

Answer: Statement

 

  • 3. The physical components of a computer system refers to

 

Answer: Hardware

 

  • 4. Ships used for international transport are

 

Answer: Ocean Liners

 

  • 5. The sum of money paid by a policyholder to an insurer is referred to as

 

Answer: Premium

 

  • 6. The warehouse that is owned and controlled by the government is a?

 

Answer: State warehouse

 

  • 7. What is a major function of a chamber of commerce?

 

Answer: Promoting both home and foreign trade

 

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  • 8. Efforts geared towards establishing and maintaining good image for a company is termed…

 

Answer: Public relations

 

  • 9. The agreement of insurers to spread risks among themselves is a major feature of …

 

Answer: Re-insurance

 

  • 10. The conversion of raw materials into finished products creates Form Utility.

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  • 11. The focal point of marketing is

 

Answer: Sales

 

  • 12. Entreport trade refers to

 

Answer: Importing for re-exporting

 

  • 13. What guarantees the keeping of money for a long period?

 

Answer: Durability

 

  • 14. The right to retain possession of goods until the contract is paid is known as

 

Answer: A lien

 

  • 15. An advertising medium which combines the advantage of sound and motion is?

 

Answer: Television

 

 

  • 16. A study to discover consumer’s preferences and needs is called…

 

Answer: Market Segmentation

 

  • 17. Dumping means selling goods abroad At a lower price than in the home market.

 

  • 18. The exchange of goods for other goods in home trade is known as

 

Answer: Barter Trade

 

  • 19. The process of transferring data from one computer to another is referred to as

 

Answer: Downloading

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  • 20. James purchased goods from Samson and is to pay custom duties before collection. The goods are likely to be collected from a?

 

Answer: A bonded warehouse

 

  • 21. Commerce is defined as the study of what?

 

Answer: Study of how man buys, sells, and distribute goods and services.

 

  • 22. An international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as

 

Answer: Counter trade

 

  • 23. The market structure, business consitions and financial systems in Nigeria constitute the

 

Answer: Economic Environment

 

  • 24. The system of parting with authority but not responsibility is known as

 

Answer: Delegating

 

  • 25. When the old customer stick to the old places to buy goods and services, it is known as

 

Answer: Goodwill

 

  • 26. Who is liable for the contracts entered into by the agent on behalf of his principal?

 

Answer: Prinicipal

 

  • 27. The insurance principle that requires full disclosure of information on the insured is known as

 

Answer: Uberrimae Fidei

 

  • 28. ___ Requires acceptance by debtor to make it valuable.

 

Answer: Bill of exchange

 

  • 29. An aspect of commerce that facilitates the distribution of product is

 

Answer: Transportation

 

  • 30. The difference between personal selling and sales promotion is that sales promotion includes free gifts and samples, personal selling involves___

 

Answer: Face-to-face communication with customers

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  • An agreement between two parties which can be enforced is called

 

Answer: A contract

 

  • 32. The most suitable organizational structure for a small or medium-sized enterprise is

 

Answer: Line structure

 

  • 33. The type of advertising that seeks to persuade consumers to buy a particular product is

 

Answer: Persuasive advertising

 

  • 34. A machine which enables sales without the physical presence of the sale attendant is a

 

Answer: Vending Machine

 

  • 35. The variety of goods and services which company offers for sales is its

 

Answer: Product Mix

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  • 36. A distinctive symbol, title or design that readily identifies the company and its product is

 

Answer: Trademark

 

  • 37. An individual who makes the final use of goods and services provided by a firm is the ___

 

Answer: Consumer

 

  • 38. Treasury bills are issued by

 

Answer: Central bank

 

  • 39. The essential utility derived from the use of a product is known as

 

Answer: Core benefit

 

  • 40. Ocean liners are subdivided into

 

Answer: Passenger liners and cargo liners

Likely JAMB Cbt Biology Questions and Answers for 2027/2028

That is all on Likely 2027 JAMB Cbt Commerce Questions and Answers.

 

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A tutor with a demonstrated history of working in the education industry. Skilled in analytical skills. Strong Psychology, Educational Technology and a Professor with M. SC focused in research/academia.

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