JAMB Past Questions and Answers - Page 252

1,256.

An obstacle to international trade is?

A.

trade imbalance between countries

B.

availiability of local market

C.

quantity and quality of labour

D.

cost of finance

Correct answer is D

No explanation has been provided for this answer.

1,257.

An example of a service-rendering trade association is?

A.

Nigeria Bar Association

B.

Association of Nigeria Miners

C.

Cocoa Farmers' Association

D.

Manufacturers' Association of Nigeria

Correct answer is A

No explanation has been provided for this answer.

1,258.

The founders ‘share are usually referred to as deferred shares because the holders?

A.

are entitled to cumulative dividends

B.

receive their dividends after other shareholders

C.

receive their diviends before shareholders

D.

are not entitled to any dividends

Correct answer is B

No explanation has been provided for this answer.

1,259.

An advantage of hire purchase to the consumer is the?

A.

economies of scale in production

B.

possession of goods before payment

C.

increase in turnover and profit

D.

low interest rate chargeable

Correct answer is B

No explanation has been provided for this answer.

1,260.

Which of the following is an determines the quality of goods and that a retailer sells?

A.

the mode of contract of sales

B.

the type of manufacturer

C.

the regulations regarding sales in the area

D.

the location of his shop

Correct answer is B

No explanation has been provided for this answer.