2022 JAMB mock Questions an answers
Commerce
1. A partnership may be automatically dissolved due to the following factors except________
A. Court verdict
B. Joint decision
C. Admission of new partners
D. Bankruptcy of a partner
Correct Answer: Option C
2. One of the disadvantages of Sole Proprietorship is__________
A. It requires small operations
B. It involves small capital
C. It lacks specialization
D. Grants from government
Correct Answer: Option C
3. In the formation of a united liability company, the following documents are prepared except_______
A. Memorandum of Association
B. Article of Association
C. Statement of Nominal Capita
D. Prospectus
Correct Answer: Option D
4. The process of winding up or bringing a company to an end is________
A. Dissolution
B. Liquidation
C. Integrating
D. Merger
Correct Answer: Option B
5. Use the following information to answer this question.
The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2022. 08148844158
Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500
From the above, calculate Current assets
A. 1600
B. 1060
C. 1500
D. 600
Correct Answer: Option A
6. The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2022. 08148844158
Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500
From the above, calculate Fixed assets
A. 6500
B. 2000
C. 4900
D. 600
Correct Answer: Option C
7. The following is a summary of the asset and liabilities of www.examloed.com Ojo trading company as at 31st December, 2022
Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500
From the above, calculate Current liabilities
A. 100
B. 6000
C. 600
D. 3000
Correct Answer: Option C
8. In a law of contract, what is given in exchange for a promise to perform is_____
A. offer
B. acceptance
C. warranty
D. consideration
Answer: Option D
9. In Nigeria, it is mandatory for all business enterprises 08148844158 to be registered with the________
A. Government
B. Corporate Affairs Commission
C. Agent
D. Enterprise
Correct Answer: Option B
10. All but one does not provide an Indirect Service?
A. Custom Officers
B. Family Doctors
C. Civil Servants
D. Law Makers
Correct Answer: Option A
11. Examples of Commercial occupation are all except___________
A. Bankers
B. Traders
C. Insurers
D. Goldsmith
Correct Answer: Option D
12. All but one is not an output devices?
A. Joystick
B. Monitor
C. Plotter
D. PrintAnswer
Correct Answer: Option C
EXAMLORD SOLUTION TEAM
CLICK HERE FOR JAMB 2022 MOCK EXAM QUESTIONS AND ANSWERS FOR ALL SUBJECTS.