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 111: The vessels that operate on specific route on high seas and oceans are Options:
  A) Coastal Liners and Cargo Liners
  B) Cargo Liners and Tramp liners
  C) Passenger liners and Tramp liners
  D) Passenger Liners and Cargo Liners
  Show Answer
  The correct answer is D .
• Question 112: A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a? Options:
  A) conglomerate
  B) chain stores
  C) departmental store
  D) suppermarket
  Show Answer
  The correct answer is B .
• Question 113:

  A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?

  Options:
  A) conduct
  B) necessity
  C) ratification
  D) estoppel
  Show Answer
  The correct answer is B .
• Question 114:

  

  Use the information above to answer this question.

  What is the ratio?

  Options:
  A) 2.95:1
  B) 4.25:1
  C) 4.75:1
  D) 5,55:1
  Show Answer
  The correct answer is A .
• Question 115: A major setback of international trade is? Options:
  A) inadequate exports
  B) economic sanctions
  C) devaluation of currency
  D) exchange rate appreciation
  Show Answer
  The correct answer is B .
• Question 116:

  One of these is not part of small-scale retailers

  Options:
  A) Urban stores
  B) Roadside traders
  C) Supermarkets
  D) Itinerant traders
  Show Answer
  The correct answer is C .
• Question 117: A cheque that has been drawn but not presented for payment can still be honored? Options:
  A) wintin 6 months
  B) after 9 months
  C) within 9 months
  D) after 6 months
  Show Answer
  The correct answer is A .
• Question 118:

  An article used as a means of exchange in the early days of trade in West Africa was

  Options:
  A) cedis
  B) cowrie
  C) dalasi
  D) naira
  Show Answer
  The correct answer is B .
• Question 119:

  An example of vertical integration is___________

  Options:
  A) Trust
  B) Cartel
  C) Merger
  D) Price Ring
  Show Answer
  The correct answer is A .
• Question 120: What is the role of the capital market in the privatization exercise in Nigeria? Options:
  A) Selling the shares and stocks of the companies to be privatized
  B) Encouraging private companies to participate in the exercise
  C) Negotiating with individuals who want to buy public companies
  D) Advertising for governement
  Show Answer
  The correct answer is A .