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 1341: Activities undertaken to create awareness for goods by conducting contest is? Options:
  A) marketing concept
  B) consumerism
  C) sales promotion
  D) marketing mix
  Show Answer
  The correct answer is C .
• Question 1342: In which of the following sets of occupations can an industrial worker be found? Options:
  A) extraction commerce and construction
  B) manufacturing extraction and banking
  C) construction, quarrying and insurance
  D) manufacturing , extraction and construction
  Show Answer
  The correct answer is D .
• Question 1343: Warehousing is a productive function because it increase the Options:
  A) quantity of goods
  B) utility of goods
  C) quality of goods
  D) price of goods
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  The correct answer is A .
• Question 1344: Land as a factor of production does not vary in? Options:
  A) quantity
  B) nature
  C) quality
  D) cost
  Show Answer
  The correct answer is A .
• Question 1345: One of the functions of the wholesaler is to? Options:
  A) forecast prices
  B) reduce prices of goods
  C) promote sales
  D) analyse sales periodically
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  The correct answer is C .
• Question 1346: In case of a liquidation of a public limited liability company, those that are first paid are Options:
  A) ordinary shareholders
  B) prefernce shareholders
  C) cumulative preference shareholders
  D) debenture holders
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  The correct answer is D .
• Question 1347:

  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
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  The correct answer is C .
• Question 1348:

  An example of a cartel is

  Options:
  A) ECOWAS
  B) AU
  C) OPEC
  D) EU
  Show Answer
  The correct answer is C .
• Question 1349: Citizens are against privatization mainly because of Options:
  A) Ineffective Management
  B) The likely hood of monopoly
  C) Increased price of good and services
  D) The ration dilation of organizations.
  Show Answer
  The correct answer is C .
• Question 1350: The difference between a private and public limited liability company is that the former? Options:
  A) is unable to offer shares to the public
  B) is unable to declare and pay dividend
  C) has a higher number of shareholders
  D) pays higher salaries to its managers
  Show Answer
  The correct answer is A .