Commerce 2017 Jamb Examination
Question 31
The central bank serves as the lender of last resort to commercial banks and regulates the banking system, whereas commercial banks primarily serve the public. Correct option is D.
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Question 32
Consumerism is the organized effort by consumers to ensure their rights are protected against unfair trade practices. Correct option is B.
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Question 33
The stock exchange is a market where _______
A stock exchange is a platform where various securities, including stocks, bonds, and other financial instruments, are bought and sold. While some might associate it primarily with stocks, it encompasses a broader range of investments.
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Question 34
One of the determinants of choice of occupation is ______
"Level of exposure" refers to how much an individual has been exposed to different careers and industries. This exposure can significantly influence their career choices. It can come through various channels like family, education, internships, or media. Seeing and learning about different professions firsthand can spark interest and lead to a considered selection.
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Question 35
The process of blending involves combining two or more raw materials to create a finished product. Correct option is B.
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Question 36
The central processing unit (CPU) interprets and executes instructions in a computer. Correct option is B.
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Question 37
Paying taxes to the government shows a business's social responsibility towards society. Hence, correct option is A.
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Question 38
Entrepreneurs assume the financial risks of business activities. Hence, risk bearing is a function of the entrepreneur. Correct option is C.
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Question 39
The Nigerian Stock Exchange has two tiers: the primary market (new issues) and secondary market (trading existing securities). Correct option is A.
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Question 40
Market orientation is a business approach where products are designed to meet customer needs and preferences. Correct option is D.
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