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2024 JAMB Commerce Past Questions and Answers

2024 JAMB Commerce Past Questions and Answers

By December 3, 2023 JAMB 0 Comments

2024 JAMB Commerce Past Questions and Answers

Introduction Commerce is one of the subjects that many candidates choose to write in the Joint Admissions and Matriculation Board (JAMB) examination. Commerce is the study of the exchange of goods and services, and the activities that facilitate it. Commerce covers topics such as trade, business, marketing, banking, insurance, and entrepreneurship. To score high in Commerce, candidates need to prepare well by studying the syllabus, practicing past questions and answers, and revising the areas of concentration.

2024 JAMB Commerce Past Questions and Answers

How to get 2024 JAMB Questions and Answers One of the best ways to get 2024 JAMB questions and answers is to use a reliable and updated online platform that provides authentic and verified past questions and answers for Commerce. Such platforms usually have a database of past questions and answers from previous years, and they also update them regularly with the latest questions and answers from the JAMB examiners. Some of the benefits of using such platforms are:

  • They provide access to thousands of past questions and answers for Commerce and other subjects.
  • They allow candidates to practice online or offline, with or without a timer, and with instant feedback and explanations.
  • They help candidates to identify their strengths and weaknesses, and improve their speed and accuracy.
  • They offer tips and tricks on how to tackle different types of questions and avoid common mistakes.
  • They provide mock tests and simulations that mimic the real JAMB exam environment and format.

One of the online platforms that offers these features and more is [JAMB CBT Practice], which is a website that provides JAMB candidates with unlimited access to past questions and answers for Commerce and other subjects. Candidates can register for free and start practicing immediately.

2024 JAMB CBT Exam Date The 2024 JAMB CBT exam date has not been officially announced by the JAMB board, but it is expected to be sometime in March or April 2024. Candidates are advised to check the JAMB website regularly for updates on the registration, timetable, and centers for the 2024 JAMB CBT exam. Candidates should also note that the JAMB CBT exam is a computer-based test that requires candidates to use a mouse and keyboard to answer questions on a computer screen. Candidates should familiarize themselves with the CBT interface and practice using it before the exam.

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2024 JAMB Commerce Likely Questions and Answers

The 2024 JAMB Commerce likely questions and answers are based on the topics and objectives outlined in the JAMB Commerce syllabus. Candidates should study the syllabus thoroughly and cover all the topics and subtopics. Some of the topics and subtopics that candidates should expect to see in the 2024 JAMB Commerce exam are:

  • Meaning and scope of commerce
  • Functions of commerce
  • Branches of commerce
  • Aids to trade
  • Home trade
  • Foreign trade
  • Documents used in home and foreign trade
  • International trade organizations
  • Transportation
  • Communication
  • Warehousing
  • Insurance
  • Banking
  • Marketing
  • Advertising
  • Consumer protection
  • Business organizations
  • Forms of business ownership
  • Business environment
  • Entrepreneurship

To give an example of the 2024 JAMB Commerce likely questions and answers, here are some sample questions and answers from the [JAMB CBT Practice] website:

  • Q: Which of the following is not a function of commerce? A) Distribution of goods and services B) Creation of utilities C) Provision of employment D) Production of goods and services
  • A: D) Production of goods and services
  • Q: Which of the following is an example of a branch of commerce? A) Trade B) Industry C) Agriculture D) Mining
  • A: A) Trade
  • Q: Which of the following is an example of an aid to trade? A) Banking B) Insurance C) Transportation D) All of the above
  • A: D) All of the above
  • Q: Which of the following documents is used to acknowledge the receipt of goods in home trade? A) Invoice B) Delivery note C) Receipt D) Order
  • A: B) Delivery note
  • Q: Which of the following documents is used to request for payment in foreign trade? A) Bill of exchange B) Bill of lading C) Certificate of origin D) Consular invoice
  • A: A) Bill of exchange
  • Q: Which of the following is an example of an international trade organization? A) World Trade Organization (WTO) B) African Union (AU) C) European Union (EU) D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a mode of transportation? A) Road B) Rail C) Air D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a means of communication? A) Telephone B) Internet C) Radio D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a function of warehousing? A) Storage of goods B) Protection of goods C) Financing of goods D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a type of insurance? A) Life insurance B) Fire insurance C) Marine insurance D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a function of banking? A) Accepting deposits B) Granting loans C) Facilitating payments D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a component of marketing? A) Product B) Price C) Promotion D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a method of advertising? A) Print media B) Electronic media C) Outdoor media D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a right of a consumer? A) Right to safety B) Right to information C) Right to redress D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a type of business organization? A) Sole proprietorship B) Partnership C) Corporation D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a form of business ownership? A) Private limited company B) Public limited company C) Cooperative society D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a factor of the business environment? A) Economic B) Political C) Social D) All of the above
  • A: D) All of the above
  • Q: Which of the following is a characteristic of entrepreneurship? A) Innovation B) Risk-taking C) Opportunity-seeking D) All of the above
  • A: D) All of the above

2024 JAMB Commerce Syllabus The 2024 JAMB Commerce syllabus is a document that contains the topics and objectives that candidates are expected to cover for the 2024 JAMB Commerce exam. The syllabus is designed to test the candidates’ knowledge, understanding, and application of the principles and concepts of Commerce. The syllabus also provides guidelines on the scope and depth of the topics and subtopics, as well as the recommended textbooks and references for further reading. The syllabus is available on the JAMB website and can be downloaded for free.

2024 JAMB Commerce Areas of Concentration The 2024 JAMB Commerce areas of concentration are the topics and subtopics that candidates should focus on and revise thoroughly for the 2024 JAMB Commerce exam. The areas of concentration are based on the frequency and importance of the topics and subtopics in the past questions and answers, as well as the objectives and expectations of the JAMB board. The areas of concentration are not fixed and may change from year to year, depending on the JAMB examiners and the syllabus. However, some of the areas of concentration that candidates should pay attention to for the 2024 JAMB Commerce exam are:

  • Meaning and scope of commerce
  • Functions of commerce
  • Branches of commerce
  • Aids to trade
  • Home trade
  • Foreign trade
  • Documents used in home and foreign trade
  • International trade organizations
  • Transportation
  • Communication
  • Warehousing
  • Insurance
  • Banking
  • Marketing
  • Advertising
  • Consumer protection
  • Business organizations
  • Forms of business ownership
  • Business environment
  • Entrepreneurship

Summary Commerce is a subject that tests the candidates’ knowledge and skills in the exchange of goods and services, and the activities that facilitate it. To score high in Commerce, candidates need to prepare well by studying the syllabus, practicing past questions and answers, and revising the areas of concentration. Candidates should also use a reliable and updated online platform that provides authentic and verified past questions and answers for Commerce, such as [JAMB CBT Practice]. Candidates should also keep track of the 2024 JAMB CBT exam date, which is expected to be sometime in March or April 2024, and check the JAMB website regularly for updates.

FAQs Some of the frequently asked questions (FAQs) about JAMB Commerce past questions and answers are:

Q: How many questions are there in the JAMB Commerce exam? A: There are 50 questions in the JAMB Commerce exam, and candidates have 40 minutes to answer them.

Q: How are the questions and answers scored in the JAMB Commerce exam? A: Each question carries 2 marks

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