JAMB Commerce Past Questions & Answers - Page 176

876.

The agency in Nigeria which ensures that products conform to government quality specifications is the?

A.

Standards Organization of Nigeria

B.

Nigerian Consumers’ Association

C.

Manufacturers’ Association of Nigeria

D.

Nigerian Chamber of commerce

Correct answer is A

No explanation has been provided for this answer.

877.

A core investor in the current phase of privatization in Nigeria is one who?

A.

can afford to buy most of the shares of the enterprises

B.

will be at the core of the enterprises

C.

can mobilize foreign currency equivalent to the value of the enterprises

D.

has the technical know-how of the enterprises

Correct answer is A

No explanation has been provided for this answer.

878.

Which of the following countries are members of the lake Chad Basin Commission?

A.

Niger and Cameroun

B.

Benin and Nigeria

C.

Chad and Benin

D.

Nigeria and Mali

Correct answer is A

No explanation has been provided for this answer.

879.

Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the ground of

A.

bankruptcy

B.

frustration

C.

fraudulence

D.

breach of contract

Correct answer is B

No explanation has been provided for this answer.

880.

The agency that currently oversees the privatization and
commercialization process in Nigeria is the?

A.

Securities and Exchange Commission

B.

Technical Committee on privatization and commercialization

C.

Nigeria Stock Exchange

D.

Bureau of Republic Enterprises

Correct answer is D

No explanation has been provided for this answer.