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 121: After-sales service is a function usually rendered by? Options:
  A) a retailer
  B) a wholesaler
  C) an agent
  D) an enterpreneur
  Show Answer
  The correct answer is A .
• Question 122: An example of indirect service is rendered by Options:
  A) civil servants
  B) family doctors
  C) household servant
  D) entertainers
  Show Answer
  The correct answer is A .
• Question 123: Which of the following has power to order withdrawal of a particular food item from circulation? Options:
  A) Standard organisation of Nigeria
  B) Federal High courts in Nigeria
  C) Food and Drug Department of the Federal Ministry of health
  D) Local government health inspector
  Show Answer
  The correct answer is C .
• Question 124:

  The stock exchange is a market where

  Options:
  A) short-term securities are sold
  B) medium term securities are sold
  C) all types of securities are sold
  D) long term securities are sold
  Show Answer
  The correct answer is C .
• Question 125: An obstacle to international trade is? Options:
  A) trade imbalance between countries
  B) availiability of local market
  C) quantity and quality of labour
  D) cost of finance
  Show Answer
  The correct answer is D .
• Question 126: A major benefit derivable from the privatization and commercialization of public enterprises in Nigeria is? Options:
  A) increase in wages
  B) employment generation
  C) information technology
  D) revenue generation
  Show Answer
  The correct answer is D .
• Question 127:

  An announcement of a person's willingness to enter into a contract is referred to as

  Options:
  A) an acceptance
  B) a proxy
  C) consideration
  D) an offer
  Show Answer
  The correct answer is D .
• Question 128:

  The share value stated on a share certificate is

  Options:
  A) above par value
  B) below par value
  C) market value
  D) nominal value
  Show Answer
  The correct answer is D .
• Question 129: The assets, liabilities and general management of a distressed bank may be taken over by? Options:
  A) International Bank for Reconstruction and development
  B) Nigeria Industrial Development Bank
  C) Nigeria Banks Deposit Insurance corporation
  D) Nigeria Bank for Commerce and Industry
  Show Answer
  The correct answer is C .
• Question 130: Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the? Options:
  A) indemnity
  B) surrender value
  C) lump sum benefit
  D) insurance premium
  Show Answer
  The correct answer is C .