As stated earlier in our previous post, we are dedicated to make JAMB examinations easy for our readers and subscribers.

For today, are you preparing for the Commerce part of the Unified Tertiary and Matriculation Examinations then you have to study these Most repeated multiple-choice past questions for Commerce exam along with their answers and explanations:



1. What does GDP stand for?

a) Gross Domestic Product

b) Gross Domestic Profit

c) Global Domestic Product

d) Gross Developmental Product

Answer: a) Gross Domestic Product

Explanation: GDP measures the total value of all goods and services produced within a country’s borders in a specific time period.



2. Which of the following is not a type of economic system?

a) Capitalism

b) Socialism

c) Communism

d) Democracy

Answer: d) Democracy

Explanation: Democracy refers to a political system, whereas the other options refer to economic systems.



3. What is the main function of the Central Bank in a country?

a) To regulate the stock market

b) To control fiscal policy

c) To issue currency and regulate monetary policy

d) To manage foreign trade

Answer: c) To issue currency and regulate monetary policy

Explanation: The Central Bank is responsible for controlling the money supply, interest rates, and monetary policy in a country.



4. Which of the following is not a factor of production?... Read more here.... https://examsoup.com.ng/2024/04/16/jamb-most-repeated-past-questions-on-commerce/