Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

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JAMB 2001 - Question 32

Commerce 2001 JAMB Past Questions - Question 32: One major characteristic of credit unions and thrift societies is that

Choose the most appropriate option for the gap .

One major characteristic of credit unions and thrift societies is that

A: the legal processes involved in their formation are rigid

B: membership is comulsory to people in the same line of business

C: the contribution of every member depends on the members ability

D: a minimum of ten people in the same line of business can form the union

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Commerce 2001 JAMB Past Questions - Question 32: One major characteristic of credit unions and thrift societies is that

Examkit's JAMB CBT App

Correct Answer

Explanation