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 1321: One of the duties of the employer to his employee is to Options:
  A) delegate his duties to others staff
  B) charge the employee on the use of equipment
  C) serve faithfully and honestly
  D) provide job security
  Show Answer
  The correct answer is D .
• Question 1322:

  The conversion of raw materials into finished products creates

  Options:
  A) form utility
  B) time utility
  C) marginal utility
  D) place utility
  Show Answer
  The correct answer is A .
• Question 1323:

  Hire purchase is advantageous to the seller in that

  Options:
  A) it elevates his living standard
  B) people pay on installment
  C) his turnover will increase
  D) it enhances high level of patronage
  Show Answer
  The correct answer is D .
• Question 1324:

  Another name or term for a dishonoured cheque is

  Options:
  A) a bearer cheque
  B) an open cheque
  C) a bounced cheque
  D) an order cheque
  Show Answer
  The correct answer is C .
• Question 1325:

  Sudden technological changes can have the effect of making?

  Options:
  A) a company's management style ineffective
  B) a company's product obsolete
  C) the control mechanism difficult to implement
  D) the motivational factors in the company difficult to monitor
  Show Answer
  The correct answer is B .
• Question 1326:

  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 1327:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 1328:

  

  The capital employed is

  Options:
  A) ₦1,000
  B) ₦1,370
  C) ₦140
  D) ₦50
  Show Answer
  The correct answer is A .
• Question 1329: One of the functions of the Nigeria Ports Authority is the provision of? Options:
  A) facilities to enhance the speedy loading and offloading of cargoes
  B) facilities to ensure that goods get to their destinations
  C) shelter for operators of cargoes
  D) courier services to ensure speedy delivery
  Show Answer
  The correct answer is A .
• Question 1330: A cheque which a bank draws on its own funds is a? Options:
  A) bankdraft
  B) cashier's cheque
  C) bank cheque
  D) crossed cheque
  Show Answer
  The correct answer is A .