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 1501:

  The type of letters that are delivered through the normal mail or by airmail express service is referred to as

  Options:
  A) express letters
  B) registered letters
  C) inland letters
  D) airmail letters
  Show Answer
  The correct answer is C .
• Question 1502:
  

  Use the information above to answer the question below.

  What is the owners' equity?

  Options:
  A) N 250 000
  B) N 300 000
  C) N 420 000
  D) N 200 000
  Show Answer
  The correct answer is A .
• Question 1503: Where a manufacturer collects money from wholesalers in exchange for goods produced is referred to as Options:
  A) charge account
  B) trading checks
  C) trade credit
  D) I owe you
  Show Answer
  The correct answer is C .
• Question 1504:

  A printer that burns the print image into the photosensitive drum is called?

  Options:
  A) dot matrix printer
  B) laser printer
  C) daisy wheel printer
  D) thermal printer
  Show Answer
  The correct answer is B .
• Question 1505: The body which ensures that consumers are protected against harmful products in Nigeria is Options:
  A) NAFDAC
  B) NDLEA
  C) SON
  D) CPC
  Show Answer
  The correct answer is A .
• Question 1506: Manufacturing and constructive activities are classified under? Options:
  A) primary production
  B) tertiary production
  C) secondary production
  D) direct service
  Show Answer
  The correct answer is C .
• Question 1507:

  Advertisement which is geared towards a particular audience is

  Options:
  A) direct advertising
  B) indirect advertising
  C) mass advertising
  D) persuasive advertising
  Show Answer
  The correct answer is A .
• Question 1508:

  

  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 1509: An objective of the farmers' association is to? Options:
  A) ensure that the prices of goods are fair and reasonable
  B) correct the imbalance between consumers and producers
  C) improve the methods of selling and advertising
  D) provide a stable market outlet for farm inputs
  Show Answer
  The correct answer is A .
• Question 1510: A common requirement for public and private limited companies in Nigeria is that Options:
  A) a shareholder cannot transfer his shares to someone else without permission from other shareholders
  B) their annual account are made available to the Corporate Affairs Commision
  C) shares can be offered for sale on the stock exchange
  D) shares can be offered for sale through an issuing house
  Show Answer
  The correct answer is B .