INSTRUCTIONS: Answer Five(5) Questions Only
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how to solve jamb cbt 2024 commerce questions and pass – JAMB CBT 2024 Solved: Strategies to Conquer the Exam
(1a)
(i) Development of modern techniques of production: This gives rise to production of goods in large quantity and makes buying and selling possible thereby helping to promote the growth of commerce
(ii) Ware housing: Availability of ware housing makes it possible for goods produced ahead of time to be stored until they are needed, creates space for further production, helps to stabilize price of goods, etc. These go a long way in promoting commerce
(iii) Development of efficient means of transport and communication: Efficient transport system makes it possible for raw materials and workers to be carried to manufacturing centers, and goods produced to be distributed to areas where they are needed. Development of telecommunication system makes contacts in commercial centers easier.
(iv) Insurance: Insurance helps to reduce the risks associated with commercial activities like production, distribution and exchange of goods and services.
(v) Development of financial institutions: The world of commerce cannot develop without money. This money that is crucial for the development of commerce is made available by banks.
(1b)
(i) Lack of proper capital: As with all types of businesses, retail businesses require a good amount of capital, both to start off the venture, as well as to sustain operations.
(ii) Disasters: Disasters, either manmade or natural, can be the death blow to a retail business. While it is often difficult to anticipate and escape disasters, retail business owners must ensure that they have a plan to combat an emergency scenario.
(iii) Underestimating costs of overheads: While a large number of business owners pay close attention to all details of their business, the cost of overheads is often overlooked. Overheads include the fixed and running costs that are required for the day to day operation of a business.
(iv) Negligence: Negligence is one of the biggest reasons retail ventures fail. Often, entrepreneurs are the ones who start off a retail venture. However, entrepreneurs, being visionaries, relish challenges and once the challenge of setting up a venture passes, their interest begins to wane
(v) Poor promotional activity: When you start a business it is very essential to have some promotional activity. Marketing your retail business depends on various factors but it is a vital part of your startup process. If it is neglected, then business can fail to sustain.
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(2a)
-FORMATION-
(i) Public Enterprise:
It is formed by an act of parliament
(ii) Public Company:
It is incorporated by the promoters according to the company’s act.
(2b)
-OWNERSHIP-
(i) Public Enterprise:
It is owned by government or general public.
(ii) Public Company:
It is owned by the shareholders
(2c)
-PURPOSE-
(i) Public Enterprise:
To provide essential services to the general public
(ii) Public Company:
To make profit for the shareholders
(2d)
-MANAGEMENT-
(i) Public Enterprise:
The government appoints a board of directors
(i) Public Enterprise:
A board of directors is elected by shareholders.
(2e)
-SOURCES OF FUNDS-
(i) Public Enterprise:
It is provided by government through subventions, subsidies or grants/ tax payers money.
(ii) Public Company:
It is provided through sales of shares, debentures and credit facilities.
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(3ai)
Self service: Self service allows the customer to go round and select the products he want without the help of shop attendant. In order words, self service system is adopted by the retailer in order to encourage people in helping themselves rather than being served
(3aii)Vending machines: Vending machine is a retail outlet that automatically dispenses pre-packed items such as drinks stored in it whenever the appropriate value coin is inserted. In other words ,vending machines involves the sale of goods to ultimate customers through coin operated machines.
(3aiii)
Credit cards: Credit card is one of the modern trends in retail trading. It is a system which involves the use of plastic cards to purchase goods and services on credit from specified sellers up to a specify amount and payment for such goods and services are later paid for. The use of credit cards in modern days now leads to cashless economy
(3aiv)
Branding: Branding is the act of attaching a trade name to a product so as to distinguish it from the products of other firms. It allows for standardization of goods. In otherwords, branding means given name or mark to a product in accordance with the trade mark.
(3av)
Fuel voucher: Fuel voucher means a sales voucher or receipt generated by the Equipment and evidencing the agreement entered into between the Merchant and the Cardholder for the sale of Petroleum products. Fuel voucher means a voucher issued by a merchant for Fuel product sales.
(3b)
(Pick Any Five)
(i)Difference in Currency: Fluctuations in exchange rate may work against the volume of transactions as well as non availability of foreign currency.
(ii)Difference in Language is a serious set back international trade: Most countries experience translation problems which result in loss of accurate meaning to words and terms. Also understanding communications among countries becomes more difficult. Engagement of interpreters involves extra cost.
(iii)Religious/cultural problems: Plays important role in slowing down the pace of international trade. In particular, the choice of symbols, signs and trademarks are limited since the country may not understand them. Cultural taboos inhibit trade.
(iv)Difference in business laws and regulations: Business is not regulated by the law of the importing country but by international law. There is need for the of other countries’ laws, to assist countries/business men in trade transactions.
(v)Problem of distance: The cost of freight, whether by road, air or sea is high , as well as the risk of loss of damage since most merchant do not always take insurance policy.
(vi)Political stability: The issue of frequent change of government and rampant coups as well as wars and disagreement among nations disturb trade.
(vii)Government policy: International trade van be hindered by the political ideologies of different countries. A country can deliberately decide not to trade with another country because of its political difference.
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(4a)
(i) For legal protection
(ii) To build a good business reputation and prestige.
(4b)
(i) Prohibition of importation and distribution of food products that are adulterated
(ii) The acts that ensures that food for sale is both safe and suitable for human consumption.
(4ci)
NAFDAC:
(i) Conducting appropriate tests and ensuring compliance with standard specifications designated for effective control of quality of food, drugs, cosmetics, medical devices, packaged water, and chemicals.
(ii) NAFDAC also undertakes appropriate investigations into the production premises and raw materials for food, drugs, cosmetics, medical devices, bottled water and chemicals as well as establishing a relevant quality assurance system (laboratories) including certification of the production sites and of regulated products.
(iii) NAFDAC compiles standard specifications, regulations, and guidelines for the production, importation, exportation, sale and distribution of food, drugs, medical devices, bottled water, and chemicals.
(4cii)
FAO:
(i) Enable inclusive and efficient agricultural and food systems
(ii) They promote improved methods of production, processing, marketing and distribution.
(iii) They promote the adoption of policy, national and international frameworks.
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(5a)
(Pick Any Four)
(i)Public Issue or Initial Public Offer (IPO)
(ii)Private Placement
(iii)Sale through Intermediaries
(iv)Through stock exchange
(v)Privileged Subscriptions
(5b)
(i)Product
(ii)Price
(iii)Promotion
(iv)Place
(5ci)
Deregulation:
Deregulation is the act or process of removing or reducing state regulations. It is the reduction of elimination of government power in a particular industry, usually enacted to create more competitions within the industry. Reasons for introduction of Deregulation by government is that Deregulation will help to aids industry consolidation and bring private individual to set up industries which can generate employment and also create revenue to government.
(5cii)
Privatization: Privatisation is a policy designed to enable individuals and private of corporate organisations take over the ownership and control of government businesses such as public companies and corporations. Reason for the introduction of privatization by government is that Privatization will assist individuals to participate in economic activities through ownership of enterprises and also help yo develop a goof and efficient management of enterprises.
(5ciii)
Commercialization:
Commercialization is a policy geared towards making state-owned enterprises to become more efficient and profit-oriented . The policy makes it possible for public enterprises to become more viable and effective.
(a)Reason for introduction of Commercialization by government is to help provide autonomy for the enterprise and assist the government to generate more revenue.
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(7a)
(i)Benin
(ii)Burkina Faso
(iii)Cabo Verde
(iv)Cote d’Ivoire,
(v)The Gambia
(vi)Ghana
(vii)Guinea
(viii)Guinea-Bissau
(ix) Liberia
(x) Mali
(7b)
(i)The adoption of the Macroeconomic Convergence Report by the ECOWAS Convergence Council and establishment of the ECOWAS Monetary Institute (EMI)
(ii) Adoption of methodological guides for the harmonization of Public Finance Statistics, Government Financial Operations Tables (TOFE), External Trade Statistics, Balance of Payment (BOP) and International Investment Position (IIP).
(iii) Conclusion of the review of the Sahel Strategy document and its action plan to boost regional security. And formulation of an ECOWAS Common Trade Policy (CTP) and ECOWAS Trade Development Strategy
(iv)Completion of the Economic Partnership Agreement (EPA) with the signing by 13 Member States and Custom Union in the offing with the implementation of the CET by Eight Member-States
(v)Free Movement of goods and persons boosted with the adoption of the ECOWAS Biometric Identity Card to facilitate mobility and promote security in the region and Drafting of a Regional Border Management Manual for use in immigration/security training institutions.
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You’ve been studying hard for the JAMB CBT 2024 exam and feel ready to conquer it. But let’s be real – no matter how prepared you feel, those tricky multiple choice questions can throw you for a loop if you don’t have the right strategies. That’s where this article comes in. In around 100 words, you’ll get insider tips from exam experts on clever ways to approach different question types so you can solve JAMB CBT 2024 with confidence. You’ll learn how to pace yourself, utilize process of elimination, and avoid common mistakes that trip up test takers. With these proven strategies to solve JAMB CBT 2024 comm, you’ll walk in ready to ace the exam and get into the university program of your dreams. Time to put those JAMB jitters aside – you’ve got this!
Understanding the JAMB CBT Format
To conquer JAMB CBT 2024, you need to first understand how the exam is structured and what to expect. The JAMB CBT is a computer-based test, meaning you will take the exam on a computer. The test consists of multiple-choice questions divided into three sections: Use of English, Mathematics, and General Knowledge.
Use of English
This section tests your knowledge of English grammar, vocabulary, and reading comprehension. There will be passage excerpts and you will need to answer questions about the meanings of words, relationships between words, and inferences. Study English grammar rules, learn new words, and practice reading passages to prepare for this section.
Mathematics
The math section covers basic arithmetic, algebra, geometry, trigonometry, and statistics. You will need to solve word problems, work with fractions and percentages, calculate areas and volumes, and more. Review your math notes and work through practice problems from past JAMB CBT exams. Pay attention to the types of math questions that frequently appear.
General Knowledge
This section aims to test your knowledge of current affairs, history, geography, biology, chemistry, physics, economics, government, and technology. Study news reports, read nonfiction books, review your old course materials, and take online practice quizzes to build up your general knowledge for a wide range of topics.
Understanding how the JAMB CBT is structured and what kinds of questions to expect in each section is key to conquering the exam. Focus your preparation on the areas that you find most challenging. With diligent study and practice, you can achieve your best score on the JAMB CBT 2024!
Tips for Mastering JAMB CBT Subjects
Focus on your strengths
Play to your strengths by focusing extra attention on the subjects you’re good at. If you rock at math, double down on practicing calculus and statistics problems. If you’re an English whiz, spend more time studying literature and brushing up on grammar rules. Focusing on your strengths will boost your confidence and ensure you ace those sections.
Don’t ignore your weaknesses
While focusing on your strengths, don’t completely ignore your weaknesses. Make an effort to at least review the subjects you struggle in so you feel more at ease on exam day. Even studying for just 30 minutes a few times a week can help refresh your memory of key concepts and formulas. With regular practice, your weaknesses may start to feel more like strengths.
Practice with mock exams
One of the best ways to prepare for the JAMB CBT is to take mock exams under actual testing conditions. Find practice tests in the actual JAMB CBT format and work through them, monitoring how long each section takes you. Review the questions and answers to understand why certain choices were correct. Taking mock exams helps reduce anxiety about the unknown and familiarizes you with the actual test format. You’ll feel much more confident on exam day.
Focus on speed and accuracy
The JAMB CBT is a timed exam, so you need to focus on answering questions both quickly and accurately. As you practice, time yourself to get a feel for how long you can spend on each question. Make an effort to pace yourself so you have enough time to work through the entire exam. While speed is important, don’t sacrifice accuracy. Guess strategically when needed, but avoid rushing through and making careless mistakes. With regular timed practice, you’ll strike the right balance of speed and accuracy.
Following these tips will help you feel well-prepared for the JAMB CBT. With deliberate practice and focus, you can master the exam and achieve your best score. Stay determined and believe in yourself—you’ve got this!
Practice Makes Perfect: Resources for JAMB CBT Preparation
Past Questions
To pass JAMB CBT, you need to familiarize yourself with the exam format and content. The best way is by practicing past questions. You can find free past questions on the official JAMB website and other websites like Examloaded and MySchool. Work through as many as possible, focusing on questions from the last 3-5 years. This will give you an idea of what to expect and build your speed and accuracy.
Mock Exams
Mock exams simulate the actual JAMB CBT experience. Some websites offer free mock tests with scores and explanations. Take at least 2-3 mocks in the weeks leading up to your exam. Treat each mock seriously by timing yourself and not cheating. Review your scores and areas that need improvement. With practice, your confidence and scores will increase.
Study Groups
Forming a study group is a great way to learn and stay motivated. Meet with 3-5 other candidates to go over past questions, compare notes, quiz each other, and keep each other accountable. You can meet in-person if possible, or online using video chatting apps. Just be sure to stay on task and make the most of your time together.
YouTube Tutorials
YouTube is filled with helpful JAMB CBT tutorials and study strategies. Channels like Examloaded, MySchool and JAMB HQ frequently post videos on all subjects tested in the exam. They provide overviews of each subject’s scope and areas of focus, how to answer different question types, study plans, and more. Watching these videos is a quick and easy way to strengthen your knowledge and feel more at ease about the exam.
With diligent preparation using these key resources, you will walk into the JAMB CBT feeling confident and ready to achieve your best score. Keep practicing, stick to your study schedule, and don’t lose hope! If you’ve put in the necessary work, you have all it takes to conquer the exam. Stay focused on your goals and believe in yourself.
Test-Taking Strategies to Ace the JAMB CBT
Be Prepared
The best way to feel confident for this exam is to study thoroughly in advance. Review all subject areas that will be included and practice plenty of sample questions. Know the format and structure of the exam inside and out so there are no surprises on exam day. The more you prepare, the more at ease you’ll feel.
Read Carefully
Take time to read through each question carefully. Make sure you understand exactly what is being asked before looking at the answer options. Read all options before selecting your choice. Eliminate any options that you know are incorrect. If needed, reread the question and the options again. Rushing can lead to silly mistakes.
Manage Your Time
The CBT format means you’ll have a limited amount of time for each section and the exam overall. Develop a time management strategy in advance and stick to it. Don’t spend too much time on any one question. Guess if needed and come back to it later if there’s time. It’s better to answer all questions, even if you have to guess on some. Leaving questions blank will hurt your score.
Stay Focused
Try to stay focused for the entire exam. Take short mental breaks when switching sections or if you start to feel distracted. Remind yourself why you’re there and what your goals are. Stay positive – you’ve prepared and you will do great!
Check Your Work
If there are a few minutes left at the end of each section or the exam, go back and check your work. Look for any questions you flagged or were unsure about and see if you want to change your answers. Even changing one or two answers could make a difference in your score.
Following these strategies will help you feel more at ease during the exam and allow you to achieve your maximum score. You’ve worked hard, now go show what you know! Stay confident in yourself and your abilities. With the right preparation and mindset, you’ve got this!
Conquering JAMB CBT 2024: Frequently Asked Questions
How can I prepare for JAMB CBT?
Preparing for JAMB CBT requires dedication and hard work. Start preparing at least 4-6 months before the exam. Study the JAMB syllabus and recommended textbooks. Practice with past questions from recent years to get familiar with the format and content. Work on your speed and accuracy. Time yourself to get used to completing questions within the allotted time.
What should I focus on to pass JAMB?
Focus on the subjects you intend to study in university. For science-based courses, focus on Mathematics, Physics, Chemistry and Biology. For arts and humanities, focus on English, Literature-in-English, Government and History. Also, work on your general knowledge and current affairs. Study definitions, facts, formulas, diagrams, and more.
How can I get high scores in JAMB CBT?
To get high scores:
- Study hard and practice with many past questions.
- Focus on your weak areas and improve them.
- Learn good time management to attempt all questions.
- Guess intelligently for questions you don’t know using the process of elimination.
- Ensure you have prepared well for English and Mathematics which are compulsory.
- Remain focused and avoid distractions during the exam.
What are the common mistakes candidates make?
Some common mistakes are:
- Not preparing well by relying only on past questions. The syllabus is wide, so study your textbooks.
- Focusing too much on some subjects and neglecting others. All subjects in your course of study are important.
- Not managing time properly during the exam and not attempting all questions.
- Choosing the wrong options due to guessing at random without logically eliminating options.
- Becoming too anxious and distracted during the exam affecting your concentration. Stay calm and focused.
Final tips for success in JAMB CBT
Some final tips are: • Prepare early and thoroughly using the syllabus and recommended texts. • Practice with many past questions to improve your speed and accuracy. • Learn good time management to attempt all questions within the time limit. • Stay healthy, hydrated and well-rested before and during the exam. • Remain focused and avoid distractions to maximize your scores. • Guess intelligently by eliminating options you know are incorrect. • Review your answers if time permits before submitting.
With diligent preparation and the right techniques, you can conquer JAMB CBT 2024! Stay determined and keep your eyes on the prize.
Conclusion
So there you have it, my friend. With the right strategies and mindset, the JAMB CBT 2024 exam doesn’t have to be a scary monster. Approach your prep with commitment and consistency, work on mastering the core subjects, practice with real past questions, and get comfortable with the computer format. On exam day, stay calm and confident, carefully manage your time, and apply those proven tips and tricks. You’ve totally got this! With focus and hard work, an excellent score is within your reach. Visualize yourself succeeding, and make it happen. I’m cheering you on – now go kick some JAMB butt!
