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:

  Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as

  Options:
  A) Transportation
  B) Tourism
  C) International trade
  D) Domestic tourism
  Show Answer
  The correct answer is B .
• Question 2: The composite functions of management are? Options:
  A) planning, supervising, communicating
  B) planning, controlling, organising and directing
  C) coordinating, supervising , staffing and comunicating
  D) directing, supervising, motivating, and controlling
  Show Answer
  The correct answer is B .
• Question 3:

  Booklets containing a range of products, their uses and prices are called

  Options:
  A) Posters
  B) Handbill
  C) Catalogues
  D) Price Journal
  Show Answer
  The correct answer is C .
• Question 4: The Continental West African Conference is a Options:
  A) group of all West African countries trading in the same products
  B) conference to foster unity among the West African countries
  C) gorups of shipping lines operating on the same West African route
  D) trust with shareholders fromall West African countries
  Show Answer
  The correct answer is D .
• Question 5: A machine which enables sales without the physical presence of sales attendant is a Options:
  A) Telex Machine
  B) Fax Machine
  C) Vending Machine
  D) Computer machine
  Show Answer
  The correct answer is C .
• Question 6: Petrol voucher is an example of a Options:
  A) bankdraft
  B) legal tender
  C) token money
  D) partial money
  Show Answer
  The correct answer is D .
• Question 7:

  The Central Bank Monetary policy instrument by which it buys and sells securities is called

  Options:
  A) Bank rate
  B) Cash reserve ratio
  C) Open market operation
  D) Bank credit
  Show Answer
  The correct answer is C .
• Question 8: An artificial barrier to international trade is? Options:
  A) political unrest
  B) culture of the people
  C) units of measurement
  D) custom duties
  Show Answer
  The correct answer is D .
• Question 9: Service rendered to the public is provided by? Options:
  A) governement
  B) civil servants
  C) professionals
  D) domestic servants
  Show Answer
  The correct answer is B .
• Question 10: Stimulation of demand is a kind of communication in marketing which connotes? Options:
  A) personal selling
  B) sales promotion
  C) advertising
  D) merchandising
  Show Answer
  The correct answer is C .