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 2241: A computer that can be used in weather forecast is? Options:
  A) a hybrid computer
  B) an analog computer
  C) a marineframe computer
  D) a digital computer
  Show Answer
  The correct answer is D .
• Question 2242: The body charged with divesting government interests in public enterprises is? Options:
  A) SON
  B) NPC
  C) BPE
  D) NDE
  Show Answer
  The correct answer is C .
• Question 2243: The coordinating section of the central processing unit that manages the flow of data is the? Options:
  A) arithematic logic unit
  B) control unit
  C) magnetic unit
  D) register
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  The correct answer is B .
• Question 2244: The part of the computer that has the capacity to interpret instruction is _______ Options:
  A) universal power storage
  B) central processing unit
  C) keyboard
  D) monitor
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  The correct answer is B .
• Question 2245: The scope of commerce is limited to ________ Options:
  A) wholesale and entrepot trade
  B) trade and aids-to-trade
  C) wholesale and retail trade
  D) home and foreign trade
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  The correct answer is B .
• Question 2246: In foreign trade, document of title is known as Options:
  A) bill of lading
  B) bill at sight
  C) certifiate of origin
  D) declaration form
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  The correct answer is A .
• Question 2247: Gilt-edged securities are issued mainly by Options:
  A) individuals
  B) non-governmental organisations
  C) Government
  D) multi-national companies
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  The correct answer is C .
• Question 2248: Coverage against unexpected events is called? Options:
  A) insurance
  B) assurance
  C) warranty
  D) reinsurance
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  The correct answer is A .
• Question 2249: In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as? Options:
  A) counter trade
  B) balance of trade
  C) balance of payments
  D) terms of trade
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  The correct answer is A .
• Question 2250: One of the functions of the Nigeria Ports Authority is the provision of? Options:
  A) facilities to enhance the speedy loading and offloading of cargoes
  B) facilities to ensure that goods get to their destinations
  C) shelter for operators of cargoes
  D) courier services to ensure speedy delivery
  Show Answer
  The correct answer is A .