UTME 2020 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves
A. face-to-face communication with customers
B. distributing instructional posters
C. premium programming for customers
D. publishing promotional booklets
Question 2
The central working system of a computer used for data processing is the
A. monitor
B. floppy disk drive
C. hard drive
D. memory unit
Question 3
X represents
A. action
B. receiver
C. transmission
D. ideation
Question 4
Given: I. shoe maker II. policemen III. fishermen IV. Gardener V. Broker. The persons engaged in primary occupation are
A. I, II and V
B. I, II and IV
C. III and V
D. III and IV
Question 5
Which of the following are the components of commerce? I. trading and advertising II. warehousing and transportation III. packing and branding IV. Insurance and banking
A. I and II
B. I and II only
C. II, III and IV
D. I, II and III
Question 6
One of the disadvantages of sole proprietorship is
A. limited liability
B. pride of ownership
C. unlimited liability
D. secrecy of annual reports
Question 7
Charges for loans, paid by commercial banks to the Central Bank of Nigeria are called
A. credit charges
B. interest rates
C. bank charges
D. bank rates
Question 8
NACCIMA stands for
A. Nigerian American Centre for Culture, Industries, Mines and Arts
B. Nigerian Association for Culture, Civics, Industries, Minerals and Arts
C. National Agency for Culture, Civilization, Investments, Manufacturing and Agriculture
D. Nigerian Association of Chambers of Commerce, Industries, Mines and Agriculture
Question 9
The agency that currently oversees the privatization and commercialization processes in Nigeria is the
A. Nigerian Stock Exchange
B. Technical Committee on Privatization and Commercialization
C. Securities and Exchange Commission
D. Bureau of public enterprises
Question 10
One of the functions of the Nigeria Ports Authority is
A. the provision of carrier services to ensure speedy delivery
B. facilities to enhance the speedy loading and offloading of cargoes
C. facilities to ensure that goods get to the destinations
D. shelter for operators of cargoes
Question 11
One of the merits of television as a medium of advertising is that it
A. is prone to censorship
B. is relatively cheap
C. has more network coverage
D. has more sensory stimulation
Question 12
The process of dividing tasks into jobs and departments and delegating authority is known as
A. directing
B. leading
C. organizing
D. planning
Question 13
A common requirement for public and private limited companies in Nigeria is that
A. a shareholder cannot transfer his shares to someone else without permission from other shareholders
B. shares cannot be offered for sale on the stock exchange
C. their annual accounts are made available to the corporate affairs commission
D. shares can be offered for sale through an issuing house
Question 14
Extractive industries may also be denominated as
A. direct industries
B. servicing industries
C. indirect industries
D. primary industries
Question 15
The management function that makes the difference in intensity of behaviour is
A. controlling
B. motivation
C. coordinating
D. planning

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