Commerce 2016 Jamb Examination
Question 31
RAM (Random Access Memory) is used for temporary storage of data while a computer is running. Correct option is A.
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Question 32
The Second-Tier Securities Market provides opportunities for investment in small and medium companies. Correct option is A.
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Question 33
Lumbering trees is an extraction of natural resources, hence primary production. Correct option is A.
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Question 34
Occupations that provide services supporting trade are called commercial occupations. Correct option is D.
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Question 35
Processing raw materials like cotton into cloth is secondary production. Correct option is A.
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Question 36
The minimum lending rate of a bank is a component of its
A current asset is an asset that can be readily converted to cash within a year. The minimum lending rate, which is the lowest interest rate a bank charges its most creditworthy customers, is directly related to the bank's ability to generate cash from its current assets.
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Question 37
Working capital is calculated as current assets minus current liabilities. Correct option is D.
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Question 38
The Nigerian Ports Authority provides warehousing facilities and port services. Correct option is D.
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Question 39
Tourism facilitates socio-cultural exchange and is an ancillary activity to trade. Correct option is C.
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Question 40
A Chamber of Commerce represents and protects the interests of businesses against unfavorable regulations. Correct option is C.
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