JAMB Commerce Past Questions & Answers - Page 209

1,041.

The Continental West African Conference is a

A.

group of all West African countries trading in the same products

B.

conference to foster unity among the West African countries

C.

gorups of shipping lines operating on the same West African route

D.

trust with shareholders fromall West African countries

Correct answer is D

No explanation has been provided for this answer.

1,042.

The body that organizes, promotes and participates in local and foreign trade fairs is the

A.

Ministry of Commerce and Tourism

B.

Ministry of finance

C.

Chambers of Commerce

D.

Export Promotion Council

Correct answer is C

No explanation has been provided for this answer.

1,043.

An example of a consumer protection agency is the?

A.

Nigeria Bar association

B.

Nigeria Medical Association

C.

Ferderal Environmental Protection Agency

D.

Manufacturers Association of Nigeria

Correct answer is C

No explanation has been provided for this answer.

1,044.

Which of the following is a disadvantage of nationalization

A.

It promotes poor economic planning

B.

The cost of services is not determined by by market forces

C.

It may lead to rationalization of resources

D.

The development of local skills and technologyis retarded

Correct answer is D

No explanation has been provided for this answer.

1,045.

The most essential element of a product is the

A.

price

B.

utility

C.

design

D.

colour

Correct answer is B

No explanation has been provided for this answer.