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 2271: The main function of thrift, credit and loans co-operative societies is to Options:
  A) educate their members
  B) collect money from their members
  C) disburse money to their members
  D) raise investment finance among thir members
  Show Answer
  The correct answer is D .
• Question 2272: A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as? Options:
  A) promissary note
  B) bankdraft
  C) banker's order
  D) travellers' cheque
  Show Answer
  The correct answer is C .
• Question 2273: Public relations and advertising are similar in terms of? Options:
  A) communicating product information
  B) customer education
  C) the mode of operation
  D) creating a favorable attitude
  Show Answer
  The correct answer is A .
• Question 2274: The activity which entails buying of goods in bulk and selling in small quantities to retailers is? Options:
  A) assembling
  B) wholesaling
  C) retailing
  D) merchandising
  Show Answer
  The correct answer is B .
• Question 2275: A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a? Options:
  A) public liability company
  B) joint venture company
  C) limited company
  D) registered company
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  The correct answer is D .
• Question 2276:

  One of these is not part of small-scale retailers

  Options:
  A) Urban stores
  B) Roadside traders
  C) Supermarkets
  D) Itinerant traders
  Show Answer
  The correct answer is C .
• Question 2277: Partnership are most suitable where Options:
  A) the partners are family friends
  B) professionals are involved
  C) members can easily rasie enough capital
  D) government regulations are favourable
  Show Answer
  The correct answer is B .
• Question 2278:

  A two-way process which involves sending and receiving of messages is referred to as__________

  Options:
  A) Advertisement
  B) Communication
  C) Marketing
  D) Transportation
  Show Answer
  The correct answer is B .
• Question 2279: Privatization is concerned with? Options:
  A) equal ownership between the public and the governement
  B) thje dilution of ownership among the public
  C) the individual ownership of companies
  D) governement ownership of companies
  Show Answer
  The correct answer is C .
• Question 2280: The mode of transporting crude oil to the ports for export purposes is by Options:
  A) tanker
  B) rail
  C) road
  D) pipeline
  Show Answer
  The correct answer is D .