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 1061:

  The arrangement and interrelationship of the various components and positions of a business is referred to as

  Options:
  A) line structure
  B) unity of direction
  C) organisational structure
  D) clarity of objective
  Show Answer
  The correct answer is C .
• Question 1062:

  Which of the following activities is not an example of the extractive industry?

  Options:
  A) weaving
  B) quarrying
  C) hunting
  D) fishing
  Show Answer
  The correct answer is A .
• Question 1063: A protection right which can be reviewed or renewed after seven years is known as? Options:
  A) patent
  B) design
  C) registration name
  D) trade mark
  Show Answer
  The correct answer is A .
• Question 1064:

  Good and services transferred from seller to buyer without immediate payment is referred to as

  Options:
  A) leasing
  B) hire purchase
  C) credit sale
  D) mutual understanding
  Show Answer
  The correct answer is C .
• Question 1065: In Nigeria, the main source of pollution is? Options:
  A) domestic waste
  B) oganic waste
  C) gas flaring
  D) industral waste
  Show Answer
  The correct answer is D .
• Question 1066:

  A document that embody the conditions and exceptions attached to the contract is

  Options:
  A) proposal form
  B) cover note
  C) the policy
  D) insurance certificate
  Show Answer
  The correct answer is C .
• Question 1067: In the channel of distribution, which of the following sets is entirely made up of middlemen? Options:
  A) Wholesalers, retailers and agents
  B) Manufacturers, consumers and retailers
  C) Wholesalers, agents and consumers
  D) Retailers, manufacturers and wholesalers
  Show Answer
  The correct answer is A .
• Question 1068: The main thrust of government policy of evolving good business environment in Nigeria is the need Options:
  A) to attract local and foreign investors
  B) for more export commodities
  C) for consumer oriented products
  D) to have viable local markets
  Show Answer
  The correct answer is A .
• Question 1069:

  Advantages of pipeline transport include all except_______

  Options:
  A) Low maintenance cost
  B) It is safe
  C) Continuous Flow of goods
  D) Prone to leakages
  Show Answer
  The correct answer is D .
• Question 1070: Staff position in an organization borders on Options:
  A) authority
  B) advice
  C) responsibility
  D) control
  Show Answer
  The correct answer is C .