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 2371:

  The agency in Nigeria which ensures that products conform with government quality specifications is the?

  Options:
  A) standard organisation of Nigeria
  B) Nigeria consumer association
  C) manufacturers association of Nigeria
  D) Nigeria chambers of commerce
  Show Answer
  The correct answer is A .
• Question 2372: The business organization in which shareholder's have equal vote is Options:
  A) sole pprietorship
  B) partneeship
  C) co-operative
  D) limited liability company
  Show Answer
  The correct answer is C .
• Question 2373:

  Which of the following is not an objective of ECOWAS?

  Options:
  A) promotion of a common language
  B) improvement of infrastructural facilities
  C) encouragement of free movement of people
  D) encouragement of trade among member countries
  Show Answer
  The correct answer is A .
• Question 2374:

  The marketing term which regards the consumer as king that must be satisfied is

  Options:
  A) market segmentation
  B) market research
  C) marketing concept
  D) marketing mix
  Show Answer
  The correct answer is C .
• Question 2375: How much was the trade discount? Options:
  A) N42.500
  B) N27,500
  C) N22,500
  D) N20,000
  Show Answer
  The correct answer is A .
• Question 2376: Which of the following is a form of social responsibility of a business? Options:
  A) Selling goods at cheaper prices
  B) Using the best technology available
  C) Maintaining tidy and safe environment
  D) Meeting contractor's obligations
  Show Answer
  The correct answer is C .
• Question 2377: In order to prevent Liquidity in commercial banks, the central banks uses? Options:
  A) moral suasion
  B) fiscal policy
  C) reserve ratio
  D) taxation
  Show Answer
  The correct answer is C .
• Question 2378:

  The temporary working area of the control processing unit is called the?

  Options:
  A) CD-ROM
  B) CD-RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is D .
• Question 2379: The main requirement for admission to the second-tier securities markets is the? Options:
  A) provision of a three-year trading record
  B) disclosure of all trading activities
  C) creation of a good atmosphere for growth and development
  D) guranteeing dividends to shareholders
  Show Answer
  The correct answer is B .
• Question 2380: Communication process involves the transmission of a message over a selected channel to the? Options:
  A) receiver
  B) audience
  C) sender
  D) encoder
  Show Answer
  The correct answer is A .