JAMB Past Questions and Answers - Page 261

1,301.

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.

1,302.

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.

1,303.

Capital as a factor of production can be used as?

A.

Money that is regarded as assets

B.

Goods that are useful in business

C.

Input for further production

D.

Services that provide satisfaction

Correct answer is C

No explanation has been provided for this answer.

1,304.

Which of the following best described the scope of commerce

A.

All forms of commercial exchanges relating to industry

B.

Buying and selling and the construction industry

C.

All occupational exchanges relating to industries and commercial activities

D.

Buying and selling as well as the extraction of natural resources

Correct answer is C

No explanation has been provided for this answer.

1,305.

God appointed Joshua to succeed Moses because he

A.

Was loyal and dedicated to Moses

B.

Brought a good report from the land of Canaan

C.

Stood by Moses when the Israelites murmured against God

D.

Was a man in whom was the spirit

Correct answer is B

No explanation has been provided for this answer.