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 161: Factors considered when setting up a retail business is one of the following _________ Options:
  A) capital, experience and trading
  B) experience, term of trade, and trading
  C) capital, trading and term of trade
  D) capital, type of goods and source of supply
  Show Answer
  The correct answer is D .
• Question 162: The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as Options:
  A) excess charges
  B) demurrage charges
  C) permium charges
  D) trade charges
  Show Answer
  The correct answer is B .
• Question 163: The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a? Options:
  A) joint venture
  B) cooperative society
  C) partnership
  D) company
  Show Answer
  The correct answer is A .
• Question 164: The measure of independence available to the individual business unit that come together is the main different between Options:
  A) veritcal and horizontal integration
  B) mergers and acquisition
  C) consortium and almalgamation
  D) trust and cartel
  Show Answer
  The correct answer is B .
• Question 165: Marketing skimming is an example of? Options:
  A) market penetration
  B) sales promotion
  C) pricing policy
  D) advertising
  Show Answer
  The correct answer is A .
• Question 166:

  The bank which acts as the lender of last resort is the

  Options:
  A) Central bank
  B) Commercial bank
  C) Merchant bank
  D) Mortegage bank
  Show Answer
  The correct answer is A .
• Question 167: A market where new shares are tracked is known as Options:
  A) Primary Market
  B) Stock Exchange
  C) Secondary Market
  D) Money Market
  Show Answer
  The correct answer is A .
• Question 168: The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called Options:
  A) simplification
  B) standardization
  C) specialization
  D) satisficing
  Show Answer
  The correct answer is B .
• Question 169: Stevedores as a term in foreign trade means men who Options:
  A) inspect goods in ships
  B) import goods by ships
  C) collect duties in ships
  D) load and unload ships
  Show Answer
  The correct answer is D .
• Question 170: One way government reduces the repatriation of capital is through Options:
  A) nationalization
  B) divestiture
  C) indidenization
  D) naturalization
  Show Answer
  The correct answer is C .