Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 1: One advantage of personal selling over all other elements of promotion is that Options:
  A) it can provide instant feedback
  B) it is very cheap in terms of cost per contact
  C) it does not need to use mass media
  D) sales people are wewll trained
  Show Answer
  The correct answer is A .
• Question 2:

  Why will a cheque be dishonored?

  Options:
  A) Regular signature
  B) high amount of money written on the cheque
  C) insufficient funds
  D) general crossing
  Show Answer
  The correct answer is C .
• Question 3: The fear of many communities concerning tourism development is the? Options:
  A) influence of foreign culture
  B) fear of disease transmission
  C) fear of pollution
  D) religious intolerance
  Show Answer
  The correct answer is A .
• Question 4: Labour as an input in production can be motivated by Options:
  A) training
  B) profit
  C) remuneration
  D) promotion
  Show Answer
  The correct answer is C .
• Question 5:

  A partner who contributes only his name to the formation of a partnership is

  Options:
  A) a nominal partner
  B) a limited partner
  C) a general partner
  D) an active partner
  Show Answer
  The correct answer is A .
• Question 6: The abbreviation C and F indicate that the? Options:
  A) production cost excludes the cost of carriage
  B) selling price includes the cost of carriage
  C) cost of production includes dilivery charges
  D) cost price includes the cost of carriage
  Show Answer
  The correct answer is B .
• Question 7:

  Use the information below to answer this question

  A B C Balance Sheet as at 31/12/2004

  ₦ Share capital 200,000 Reserves 100,000 Long term liabilities 40,000 Current liabilities 30,000 370,000

  ₦ Fixed assets 180,000 Investment 100,000 Current assets 50,000 Fictitious assets 40,000370,000

  The total sum of financing short term projects is

  Options:
  A) ₦ 30,000
  B) ₦200,000
  C) ₦70,000
  D) ₦40,000
  Show Answer
  The correct answer is B .
• Question 8: The act of interpreting ideas within an organization is Options:
  A) motivating
  B) organizing
  C) planning
  D) communicating
  Show Answer
  The correct answer is D .
• Question 9: The type of letters that are delivered through the normal mail or by airmail express service is referred to as Options:
  A) inland letters
  B) registered letters
  C) airmail letters express letters
  D) express letters
  Show Answer
  The correct answer is C .
• Question 10: The pivot on the wheel of commerce rotates is Options:
  A) tariff
  B) trade
  C) taxation
  D) price
  Show Answer
  The correct answer is B .