Free JAMB UTME Commerce Exam Questions and Answers
JAMB UTME Commerce is the Commerce paper of the Unified Tertiary Matriculation Examination (UTME), set by Nigeria's Joint Admissions and Matriculation Board for entry to universities, polytechnics and colleges of education. The UTME is a computer-based multiple-choice test. The questions here are past JAMB Commerce questions from 1994 to 2015, with the answer and, where the source gave one, an explanation.
Candidates comparing JAMB UTME Commerce exam dumps, ExamTopics and other practice tests use this page for the answers and explanations behind each question. Download the free PDF, then sit the timed exam simulation before booking with JAMB.
Last updated: October 11, 2026
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Question #1
The vessels that operate on specific route on high seas and oceans are
Correct answer: D
Explanation
ocean liners are vessels that operate on specific on high seas and oceans and they operate on fixed time schedule
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Question #2
When an oil exploring and mining company builds a health centre in one community where at operates, such a company is
Correct answer: C
Explanation
the health centre the company built is a social amenity and in doing so it is fulfilling parts of is social responsibility to the most community in which it is doing business.
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Question #3
the world tourism organization has it headquarters in
Correct answer: B
Explanation
is correct the headquarters of the world tourism organization is located in Madrid, Spain
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Question #4
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
Correct answer: B
Explanation
it is an order by the customer requesting the bank to transfer certain amount from the customer’s account to another bank account, so it is a standing order.
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Question #5
The development of commerce in west Africa was not hampered by
Correct answer: B
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Question #6
Which of the following is classified as an immaterial want?
Correct answer: A
Explanation
Protection it is not meant to increase our materials wealth but to make our lives worth living
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Question #7
In product pricing, which of these elements need more consideration than others?
Correct answer: A
Explanation
what the form consider first and most is the cost of production i.e. the cost of producing the product as this determines the price at which the product will be sold.
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Question #8
The major determinant of fire insurance premium is the
Correct answer: C
Explanation
the type and structure of the property will determine the value of the property since the value of the property will have to be considered by the insurance company before the contract will be entered into by both parties.
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You have read the first 10 questions. A subscription opens every question in JAMB UTME Commerce, the full timed practice test, and your progress and weak-topic reporting.
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One exam for a full year. Nothing renews and nothing to cancel.
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Question #9
The agency in Nigeria which ensure that products conform to government quality specification is the
Correct answer: C
Explanation
the standard organization of Nigeria is the organization saddled with the responsibility of ensuring that goods or products conform to government quality specification
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Question #10
Citizens are against privatization mainly because of
Correct answer: C
Explanation
privatization of government owned companies will bring about increase in prices of goods and services nd this situation will definitely not make the citizens to be happy with the issue of privatization and as such they will be against it.
Continue with JAMB UTME Commerce
Unlock the full question bank
You have read the first 10 questions. A subscription opens every question in JAMB UTME Commerce, the full timed practice test, and your progress and weak-topic reporting.
Single exam
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Full question bank and practice test for one exam, for 30 days.
Single exam
$49.99for 1 year
One exam for a full year. Nothing renews and nothing to cancel.
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Every exam in the catalogue, month to month.
Full access
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Every exam in the catalogue for a year.
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