2023 - JAMB Commerce Past Questions and Answers - page 7

61

The part of the computer that has the capacity to interpret instruction is

A
central processing unit
B
universal power storage
C
monitor
D
keyboard
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62

The stock exchange is a market where

A
short-term securities are sold
B
medium term securities are sold
C
all types of securities are sold
D
long term securities are sold
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63

The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as

A
picketing
B
stroke
C
consumerism
D
demonstration
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64

An announcement of a person\'s willingness to enter into a contract is referred to as

A
an acceptance
B
a proxy
C
consideration
D
an offer
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65

The effects of devaluation includes all except

A
expansion of local industries
B
increase in import
C
increase in standard of living
D
exports become cheaper
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66

The government agency involved in issuing of export licences is

A
Nigeria Port Authority
B
Customs and Excise Authority
C
Nigeria Export Promotion Council
D
Nigeria Export Processing Zone
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67

A major merit of the retaining middlemen is to

A
regulate price for manufacturers
B
stock perishable goods
C
pay cash to the bank for manufacturers
D
stock goods produced by different manufacturer
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68

The rate where a country\'s exports exchange for its imports is called

A
terms of trade
B
balance of trade
C
terms of payments
D
balance of payments
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69

A demerit of communication is that it

A
increase the cost of goods in transit
B
give room for distortion of fact
C
hinder quick reception of messages over a long distance
D
makes payment for goods cumbersome
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70

The fees charged on postal order by the post office is

A
premium
B
poundage
C
interest
D
brokerage
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