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 2431: Which of the following is an item in the marketing mix? Options:
  A) Demand
  B) promotion
  C) market
  D) consumer
  Show Answer
  The correct answer is B .
• Question 2432: The second tier security market is Options:
  A) an appendage to the Nigeria stock exchange
  B) a member of the Nigeria stock exchange
  C) meant for the shares of quoted private companies
  D) a regulating arm of the Nigerian stock exchange
  Show Answer
  The correct answer is B .
• Question 2433: 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
  Show Answer
  The correct answer is A .
• Question 2434: The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is Options:
  A) Natural Environment
  B) Cultural environment
  C) Economic environment
  D) Demographic Environment
  Show Answer
  The correct answer is D .
• Question 2435:

  Which of these is a document used in International trade?

  Options:
  A) Debit note
  B) Credit note
  C) Invoice
  D) Price ring
  Show Answer
  The correct answer is C .
• Question 2436: An important social reason for development tourism in Nigeria is the? Options:
  A) promotion of culture interaction
  B) provision of job oppurtunities
  C) improvement of he balance of payments
  D) encouragement of international relations
  Show Answer
  The correct answer is A .
• Question 2437: 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 .
• Question 2438: The forum for the selling and of buying of securities of small and medium companies is called Options:
  A) Second Tier Foreign Exchange Market
  B) Foreign Exchange Market
  C) Securities and Exchange Commission
  D) Second Tier Securities
  Show Answer
  The correct answer is A .
• Question 2439: Which of the following organizations represents those who engages labour in Nigeria? Options:
  A) Nigerian Labour Congress
  B) Nigerian Employers Consultative Association
  C) Manufacturers Association of Nigeria
  D) Nigerian Union of Local Government Employees
  Show Answer
  The correct answer is A .
• Question 2440: The financial institution established to boost Nigeria's trade with the rest of the world is called Options:
  A) Nigerian Deposit Insurance Corporation
  B) Nigerian Economic Reconstruction Fund
  C) Nigerian Industrial Development Bank
  D) Nigerian Export-Import Bank
  Show Answer
  The correct answer is D .