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 2441:

  Which of the following attracts only interest but leaves the capital unpaid?

  Options:
  A) uberrimae fidei
  B) subrogation
  C) contribution
  D) redeemable bond
  Show Answer
  The correct answer is D .
• Question 2442: The factor which critically determines the choice of occupation is? Options:
  A) training
  B) skill
  C) interest
  D) apititude
  Show Answer
  The correct answer is C .
• Question 2443: A collective term for advertising, personal selling and publicity is? Options:
  A) exhibition
  B) promotion
  C) trade fair
  D) merchandizing
  Show Answer
  The correct answer is A .
• Question 2444: The most important function of commerce is? Options:
  A) helping people to improve thir profits
  B) facilitaing exchanges among indiviuals and firms
  C) assisting trade through banking and insurance
  D) enhancing business relationships
  Show Answer
  The correct answer is B .
• Question 2445: The letters E and OE stands for __________? Options:
  A) Errors of exception
  B) Errors and omissions excepted
  C) Estimated and order error
  D) End of error
  Show Answer
  The correct answer is B .
• Question 2446: A doctor who attends to patients at home after his official duty is? Options:
  A) a community develoment worker
  B) a direct service worker
  C) an indirect sevice worker
  D) a direct and an indirect sevice worker
  Show Answer
  The correct answer is B .
• Question 2447:

  The process of eliminating a virus from computer is the

  Options:
  A) programming
  B) formatting
  C) looping
  D) debugging
  Show Answer
  The correct answer is D .
• Question 2448: A function generally performed by authorities of both the air and seaport is the? Options:
  A) maintance of warehouse where goods can be stored
  B) provision of facilities for loading and unloading of cargoes
  C) maintenance of security and order at the ports
  D) provision of facilities for landing and refuelling at the ports
  Show Answer
  The correct answer is D .
• Question 2449: Which of the following legislation aims primarily at the protection of consumers? Options:
  A) Law of contract
  B) Trade description Act
  C) Company's Act
  D) Partnership Act
  Show Answer
  The correct answer is B .
• Question 2450: The first stage in tourism planing is? Options:
  A) assessing feedback from tourists
  B) preparing a list of tourists
  C) creating recreational opportunities
  D) building community support
  Show Answer
  The correct answer is B .