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 191:

  The management function that makes the difference in intensity of behavior is

  Options:
  A) controlling
  B) motivation
  C) coordinating
  D) planning
  Show Answer
  The correct answer is B .
• Question 192: A wholesaler who possesses the title of goods he sells is known as? Options:
  A) a merchant wholesaler
  B) a multiple wholesaler
  C) a general wholesaler
  D) an agent wholesaler
  Show Answer
  The correct answer is A .
• Question 193: The role of customs and exercise authority includes the Options:
  A) control of the flow of goods in and out of the country
  B) control of security agents within and out of the borders
  C) provision of dockyards for ship repairs and maintenance
  D) provision of transport system to facilitate imports and exports
  Show Answer
  The correct answer is A .
• Question 194:

  Given:

  I. shoe maker
  II. policemen
  III. fishermen
  IV. Gardener
  V. Broker.

  The persons engaged in primary Occupation are

  Options:
  A) I, II and V
  B) I, III and IV
  C) III and V
  D) III and IV
  Show Answer
  The correct answer is D .
• Question 195:

  

  Use the diagram above to answer the question below.

  As the branches indicate, IV is

  Options:
  A) commerce
  B) exchange
  C) finance
  D) construction
  Show Answer
  The correct answer is D .
• Question 196: The payment made periodically in respect of an insurance policy entered into is known as? Options:
  A) bond
  B) commission
  C) premium
  D) surrender value
  Show Answer
  The correct answer is C .
• Question 197:

  The four P's of marketing are also known as

  Options:
  A) marketing mix
  B) product mix
  C) promotion mix
  D) advertising mix
  Show Answer
  The correct answer is A .
• Question 198: A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a? Options:
  A) joint partnership
  B) cooperative
  C) corperation
  D) joint venture
  Show Answer
  The correct answer is A .
• Question 199:

  The effects of devaluation includes all except

  Options:
  A) expansion of local industries
  B) increase in import
  C) increase in standard of living
  D) exports become cheaper
  Show Answer
  The correct answer is C .
• Question 200:

  A form of ownership which exploits the strenght of one partner to remedy the weakness of the other is the?

  Options:
  A) joint partnership
  B) cooperative
  C) corporation
  D) joint venture
  Show Answer
  The correct answer is A .