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 2531: The focal point of marketing is? Options:
  A) the competitior
  B) the buyer
  C) profit-making
  D) sales
  Show Answer
  The correct answer is D .
• Question 2532:

  A major objective of all business resources is

  Options:
  A) human relation
  B) profit making
  C) public relation
  D) profit sharing
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  The correct answer is B .
• Question 2533: The differences between the central bank and commercial bank is that the former ______ Options:
  A) discount treasury bills
  B) give loans to the public
  C) saves valuable of individual
  D) serves as lender of last resort
  Show Answer
  The correct answer is D .
• Question 2534: Which of the middlemen in the channel of distribution has tittle to the goods he distributes? Options:
  A) The merchant wholesaler
  B) The agent
  C) The limited wholersaler
  D) The retailer
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  The correct answer is A .
• Question 2535:

  First Bank of Nigeria is an example of

  Options:
  A) Commercial bank
  B) Central bank
  C) Development bank
  D) Merchant bank
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  The correct answer is A .
• Question 2536: The document lodged with the customs authorities before a ship can leave the port is a Options:
  A) shipping note
  B) ship report
  C) ship manifest
  D) dock warrant
  Show Answer
  The correct answer is C .
• Question 2537: The safety and quality of products are the social responsibility of? Options:
  A) the Standards Organization of Nigeria
  B) the Manufacturers' Association of Nigeria
  C) the Corporate Affairs Commission
  D) business organizations
  Show Answer
  The correct answer is A .
• Question 2538: The members of ECOWAS include? Options:
  A) Nigeria, Chad, Gabon and Cape Verde
  B) Burkina Faso, Nigeria and Ghana
  C) Guinea, Mali, Cameroun and Nigeria
  D) Togo, Niger, Nigeria and Ghana
  Show Answer
  The correct answer is D .
• Question 2539:

  The major objective of corporate mergers is to?

  Options:
  A) minimize the effect of taxation
  B) increase financial advantage
  C) enhance economies of sale
  D) facilitate profit maximization
  Show Answer
  The correct answer is C .
• Question 2540: A floating policy is an example of? Options:
  A) marine insurance
  B) actuaries insurance
  C) motor insurance
  D) fire insurance
  Show Answer
  The correct answer is B .