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: Which of the following is an item in the marketing mix? Options:
  A) Demand
  B) promotion
  C) market
  D) consumer
  Show Answer
  The correct answer is B .
• Question 102: The conversion of raw materials into finished goods leads to the creation of? Options:
  A) form utility
  B) product utility
  C) possession utility
  D) place utility
  Show Answer
  The correct answer is A .
• Question 103: Digital computer is divided into? Options:
  A) analogue, hybrid and mini
  B) super, maniframe, mini and micro
  C) mainframe, hybrid and micro
  D) super, mainframe, micro and analogue
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  The correct answer is A .
• Question 104: A computer accessory through which information can be retrieved is the Options:
  A) hard disk
  B) input device
  C) control unit
  D) floppy disk
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  The correct answer is D .
• Question 105: In the case of a voluntary liquidation of a business the receivers is appointed by the by the Options:
  A) creditors
  B) debtors
  C) directors
  D) shareholders
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  The correct answer is A .
• Question 106:

  I. Its unlimited nature
  II. The number of partners
  III. The withdrawal of a major of partner
  IV. The bearing of risk

  Which of these is both merit and demerit in partnership?

  Options:
  A) III and IV
  B) I only
  C) II only
  D) I and II
  Show Answer
  The correct answer is C .
• Question 107: In foreign trade, document of title is known as Options:
  A) bill of lading
  B) bill at sight
  C) certifiate of origin
  D) declaration form
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  The correct answer is A .
• Question 108: Secondary production has to do with changing the? Options:
  A) shape of raw materials through construction operations
  B) physical form of raw materials into finished goods
  C) utility of raw materials by an engineering process
  D) nature of raw materials through manufacturing processes
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  The correct answer is B .
• Question 109:

  A paid presentation about a product with a view to encouraging purchases by an identifiable sponsor is

  Options:
  A) publicity
  B) personal selling
  C) sales promotion
  D) advertisement
  Show Answer
  The correct answer is D .
• Question 110: The price quoted which includes the cost of insurance, freight and all delivery charges to the importer's warehouse is? Options:
  A) Free Alongside Ship
  B) Franco
  C) Free On Board
  D) Free On Rail
  Show Answer
  The correct answer is C .