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 2201:

  Which of the following regulates and controls the activities in the Nigeria Stock Exchange?

  Options:
  A) SEC
  B) CBN
  C) BPE
  D) NDIC
  Show Answer
  The correct answer is A .
• Question 2202: An association of voluntary organizations that work together for a common aim while retaining their independence is a Options:
  A) syndicate
  B) merger
  C) cartel
  D) consortium
  Show Answer
  The correct answer is C .
• Question 2203: Extractive industries may also be denominated as Options:
  A) direct industries
  B) servicing industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .
• Question 2204:

  A major objective of all business resources is

  Options:
  A) human relation
  B) profit making
  C) public relation
  D) profit sharing
  Show Answer
  The correct answer is B .
• Question 2205: The conversion of raw materials into finished goods leads to the creation of? Options:
  A) form utility
  B) product utility
  C) possession utility
  D) place utility
  Show Answer
  The correct answer is A .
• Question 2206: Manufacturers' Association of Nigeria contributes to development by advising the government on? Options:
  A) industrial policy and harmony
  B) budget and budgetary control
  C) budget and industrial control
  D) environmental protection policy
  Show Answer
  The correct answer is A .
• Question 2207: Endowment policy in insurance business is an aspect of Options:
  A) accident insurance policy
  B) fidelity guarantee insurance policy
  C) motor vehicle insurance policy
  D) life assurance policy
  Show Answer
  The correct answer is D .
• Question 2208: The insurance policy which provides full cover against all risks at sea is known as Options:
  A) Policy with Particular Average
  B) Policy Free of Particular Average
  C) Marine Freight Insurance
  D) Marine Voyage Policy Insurance
  Show Answer
  The correct answer is D .
• Question 2209:

  A document that lists the goods that are being sent from one place to another is

  Options:
  A) mail transfer
  B) shipping note
  C) consular invoice
  D) bill of lading
  Show Answer
  The correct answer is D .
• Question 2210: The main motive of chambers of commerce and trade association is to? Options:
  A) assist governemnt in achieving its objective
  B) protect the interest of consumers
  C) maximize profit
  D) protect and promote the interests of members
  Show Answer
  The correct answer is D .