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 1801: The temporary working area of the central processing unit is called the? Options:
  A) C-D ROM
  B) C-D RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is B .
• Question 1802: Most of the barriers to international trade have been eliminated through? Options:
  A) diversification
  B) globalization
  C) commercialization
  D) privatization
  Show Answer
  The correct answer is B .
• Question 1803:

  A medium for intra-departmental communication is all except

  Options:
  A) intercom
  B) notice board
  C) radiophone
  D) circular
  Show Answer
  The correct answer is C .
• Question 1804: Governments impose import duties for the following reasons EXCEPT Options:
  A) to raise revenue for other services
  B) to act as a retaliatory measure against other governments
  C) to discourage the redistribution of income at home
  D) to protect home industries from external competition
  Show Answer
  The correct answer is C .
• Question 1805: The breaking down of a market into separate and identifiable elements each with its own special product requirement is known as market Options:
  A) differentiation
  B) segmentation
  C) penetration
  D) identification
  Show Answer
  The correct answer is B .
• Question 1806:

  Which of these is not a merit of division of labour

  Options:
  A) results in specialization
  B) brings about an element of automation
  C) Training in new jobs is facilitated
  D) Creates monotony in the worktask
  Show Answer
  The correct answer is D .
• Question 1807:

  Examples of consumer goods include all except________

  Options:
  A) Nurse
  B) Cars
  C) Spoon
  D) Shoes
  Show Answer
  The correct answer is B .
• Question 1808: The excess of the assets over the liabilities of a business is called? Options:
  A) working capital
  B) net worth
  C) capital employed
  D) initial capital
  Show Answer
  The correct answer is B .
• Question 1809:

  Advantages of pipeline transport include all except_______

  Options:
  A) Low maintenance cost
  B) It is safe
  C) Continuous Flow of goods
  D) Prone to leakages
  Show Answer
  The correct answer is D .
• Question 1810: In business, the computer is very important especially in? Options:
  A) financial amnagement
  B) marketing management
  C) educational management
  D) information management
  Show Answer
  The correct answer is D .