JAMB Commerce Past Questions & Answers - Page 41

201.
202.

From the diagram above, what does I stand for?

A.

Aids to trade

B.

Publicity

C.

Home trade

D.

Advertising

Correct answer is A

No explanation has been provided for this answer.

203.

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.

Correct answer is A

primary production; the production of raw materials for industry.

204.

In e-banking, ATM means

A.

Authentic Teller Manchine

B.

Autmatic Teller Machine

C.

All-purpose Teller Machine

D.

Automated Teller Machine

Correct answer is D

ATM means Automated Teller Machine. It is a machine that dispenses cash or performs other banking services when an account holder inserts a bank card.

205.

What is Ojo's working capital?

A.

N 2150

B.

N 1950

C.

N1800

D.

N 1150

Correct answer is D

The working capital is gotten by subtracting the current liabilities from the current assets. Hence we have;

Current assets = cash, prepayments, and debtors

Current liabilities = creditors

2150 + 700 + 100 = 2950

2950 - 1800 = 1150