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 1481: An economic activity which deals with natural resources is a form of? Options:
  A) extraction
  B) refining
  C) construction
  D) manufacturing
  Show Answer
  The correct answer is A .
• Question 1482: The factors essential for tourism are? Options:
  A) accessibility, capital, amenties, accessibility and scenery
  B) goods weather, amenties, accessibility and scenery
  C) amenties, capital, accessibility and markets
  D) good weather, capital, schools and scenery
  Show Answer
  The correct answer is B .
• Question 1483: A collective term for advertising, personal selling and publicity is? Options:
  A) exhibition
  B) promotion
  C) trade fair
  D) merchandizing
  Show Answer
  The correct answer is A .
• Question 1484:

  The satisfaction of consumer is best explained by

  Options:
  A) Product mix
  B) Marketing concept
  C) marketing mix
  D) market segmentation
  Show Answer
  The correct answer is B .
• Question 1485: The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is? Options:
  A) trust certificate
  B) detachable warrant
  C) mortage bond
  D) converttible securities
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  The correct answer is C .
• Question 1486: Drawing two parallel lines across a cheque means that it has to be paid into the account of the Options:
  A) payee
  B) drawer
  C) drawee
  D) payer
  Show Answer
  The correct answer is A .
• Question 1487:

  One of the functions of commerical banks that cannot be performed by central banks is

  Options:
  A) collection of old notes
  B) collection of deposits from the public
  C) issuance of treasury bills
  D) printing of bank notes
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  The correct answer is B .
• Question 1488: A major factor that affects business operations is Options:
  A) technology
  B) supply
  C) product
  D) rivalry
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  The correct answer is A .
• Question 1489: The form of business financing which involves pledging of a specific asset is Options:
  A) debenture
  B) mortgage
  C) loan
  D) bond
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  The correct answer is B .
• Question 1490: In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as? Options:
  A) counter trade
  B) balance of trade
  C) balance of payments
  D) terms of trade
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  The correct answer is A .