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 1961: Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the? Options:
  A) indemnity
  B) surrender value
  C) lump sum benefit
  D) insurance premium
  Show Answer
  The correct answer is C .
• Question 1962: The variety of goods and services which a company offers for sale is its? Options:
  A) place mix
  B) promotion mix
  C) price mix
  D) product mix
  Show Answer
  The correct answer is D .
• Question 1963: The wealth of a nation depends on the volume of its? Options:
  A) bilateral trade activities
  B) commercial activities
  C) multilateral trade activities
  D) stock market
  Show Answer
  The correct answer is B .
• Question 1964: A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a Options:
  A) commission agent
  B) del credere agent
  C) broker
  D) factor
  Show Answer
  The correct answer is B .
• Question 1965: A major disadvantage of the privatization policy is that? Options:
  A) the economy would be private-sector-led
  B) citizens would benefit less from government
  C) more money would be bought into circulation
  D) government would loss control of the economy
  Show Answer
  The correct answer is D .
• Question 1966: The process of converting a non-profit making organisation to a profit-making business is ________? Options:
  A) indigenisation
  B) privatisation
  C) deregulation
  D) commercialisation
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  The correct answer is B .
• Question 1967: Social responsibility of business requires enterprises to Options:
  A) hold annual social parties for the public
  B) draw their workers only from the immediate environment
  C) address themselves to issues relating to the society
  D) set up social welfare centers in their areas of operation
  Show Answer
  The correct answer is C .
• Question 1968:

  The Nigerian Stock Exchange consist of

  Options:
  A) primary and secondary -tier market
  B) commercial and mortgage market
  C) secondary and primary market
  D) money and commodities market
  Show Answer
  The correct answer is C .
• Question 1969: One type of investment that have a variable income is Options:
  A) debentures
  B) preferred shares
  C) government bonds
  D) ordinary shares
  Show Answer
  The correct answer is D .
• Question 1970: Billboards and posters are forms of? Options:
  A) electronic media
  B) print media
  C) outdoor media
  D) window display media
  Show Answer
  The correct answer is C .