Ondo State Joint Exam 2017 Commerce Expo Answer

Ondo state Joint Promotional Commerce OBJ, THEORY/ESSAY Questions and Answer – 2017 Expo Runz

COMMERCE OBJ:

.1-10: CCDCBBBADB

11-20: BCBDCCADDA

21-30: BADDBCCBCB

31-40: ADABDBCACC

41-50: BCAACACBDA

(answer five questions in all)

1a.

distinguish between commerce and industry

(1b) explain three activities involved in industry

(1c)state four activities involved in commerce

(2a)

what is foreign trade?

(2b)

explain in a tabular form three ways by which foreign trade is different from home trade

(2c)

mention four factors to be considered in setting up a retail trade

+++++++++++++++++++++++++++++

(3a)write short notes on the following; i divition of labour

ii factors of production

iii channels of distribution

iv favourable balance of payment

v exchange

+++++++++++++++++++++++++++++

(4a)

state four reasons why transport is important to commerce

(4b)state three advantages and three disadvantages of air transport

+++++++++++++++++++++++++++++

(5a)

explain six reasons for government participitation in bussines enterprises

(5b)

state four demerits of government participation in business enterprise

+++++++++++++++++++++++++++++

(6a)

what is cooperatives society?

(6b)

metion four types of cooperative society

(6c)

explain any two types of cooperative society

(7a)

explain six features of itinerant trading

(7b)

state four features of a supermarket

+++++++++++++++++++++++++++++

(8a) explain the following;

i fidelity guarantee insurance

ii agricultural insurance

iii motor vehicle insurance

iv aviation insurance

v employees liability insurance

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