JAMB Commerce Past Questions & Answers - Page 56

276.

Which of the following is classified as an immaterial want?

A.

Protection

B.

Raw materials

C.

Machines

D.

Goods and Services

Correct answer is A

Protection is not meant to increase our materials wealth but to make our lives worth living

277.

The development of commerce in west Africa was not hampered by

A.

Inadequate capital

B.

Inadequate means of transportation

C.

Insurance

D.

Low savings

Correct answer is C

No explanation has been provided for this answer.

278.

A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank

A.

Bank draft

B.

Bankers’ order

C.

Promissory note

D.

Travelers cheque

Correct answer is B

it is an order by the customer requesting the bank to transfer certain amount from the customer’s account to another bank account, so it is a standing order.

279.

The world tourism organization has it headquarters in

A.

New York

B.

Madrid

C.

Paris

D.

London

Correct answer is B

The headquarters of the world tourism organization is located in Madrid, Spain

280.

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is

A.

Carrying favour from local people

B.

finding a way to spend excess profit

C.

Fulfilling part of its social responsibility

D.

Investing its idle fund

Correct answer is C

The health centre the company built is a social amenity and in doing so it is fulfilling parts of is social responsibility to the most community in which it is doing business.