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 101: The document issued by a port authority for goods deposited is a Options:
  A) bill of lading
  B) bill of sight
  C) consular invoice
  D) warehouse warrant
  Show Answer
  The correct answer is D .
• Question 102: The current trend in retailing competition in Nigeria are? Options:
  A) advertising and sales promotion strategies
  B) branding, enterprising and diffrentiation of goods and services
  C) self-service, after-sales service and services and branding strategies
  D) after-sales services and sales promotion strategies
  Show Answer
  The correct answer is A .
• Question 103:

  The marketing concept emphasizes

  Options:
  A) sales of goods directly to customers
  B) use of promotional tools to stimulate sale
  C) mass production of goods
  D) consumer's satisfaction at a profit
  Show Answer
  The correct answer is D .
• Question 104: The symbol at in an internet mail address is used to? Options:
  A) seperate the user name from the machine name
  B) link the user with other Internet users
  C) locate the addresses of Internet users
  D) link the user with the machine
  Show Answer
  The correct answer is B .
• Question 105: An association to which all chambers of commerce in Nigeria are affiliated is the? Options:
  A) Nigeria Labour Congress
  B) National Association of Chambers of commerce, industry, Mines and Agriculture
  C) Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
  D) Nigeria Stock Exchange
  Show Answer
  The correct answer is C .
• Question 106: An advantage of division of labour is _______? Options:
  A) productivity and total output is increased
  B) monotony of task is eliminated
  C) loss of individual craftmanship is minimized
  D) interdependence of workers increase remuneration
  Show Answer
  The correct answer is A .
• Question 107: The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a Options:
  A) consular invoice
  B) certificate of origin
  C) bill of lading
  D) close indent
  Show Answer
  The correct answer is B .
• Question 108:

  The factors to be considered in setting up retail trade include all except_____

  Options:
  A) Capital
  B) Experience
  C) Location
  D) Age
  Show Answer
  The correct answer is D .
• Question 109:

  Which of the following attracts only interest but leaves the capital unpaid?

  Options:
  A) a development bond
  B) a long term loan
  C) an irredeemable bond
  D) redeemable bond
  Show Answer
  The correct answer is C .
• Question 110: A document which gives a legal status to a company is the certificate of? Options:
  A) incorporation
  B) trading
  C) commencement of business
  D) business registration
  Show Answer
  The correct answer is A .