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 251: A source of business financing which involves pledging of a specific assets is? Options:
  A) bond
  B) mortage
  C) debentures
  D) loan
  Show Answer
  The correct answer is B .
• Question 252:

  The process of converting a non-profit making organisation to a profit-making business is

  Options:
  A) commercialisation
  B) deregulation
  C) indigenisation
  D) privatisation
  Show Answer
  The correct answer is D .
• Question 253: The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a? Options:
  A) joint venture
  B) cooperative society
  C) partnership
  D) company
  Show Answer
  The correct answer is A .
• Question 254:

  Transportation, retailing and wholesaling industries rely heavily on?

  Options:
  A) banking
  B) insurance
  C) manufacturing
  D) railway
  Show Answer
  The correct answer is C .
• Question 255:

  The above chart represents the

  Options:
  A) Marketing mix relationship
  B) Product mix relationship
  C) Advertising mix relationship
  D) Promotion mix relationship
  Show Answer
  The correct answer is A .
• Question 256:

  The basic characteristics of co-operative society include all except one

  Options:
  A) It is managed democratically
  B) It follows the principle of one man
  C) Amateur Management
  D) Extra capital is raised through loan
  Show Answer
  The correct answer is C .
• Question 257:

  Why will a cheque be dishonored?

  Options:
  A) Regular signature
  B) high amount of money written on the cheque
  C) insufficient funds
  D) general crossing
  Show Answer
  The correct answer is C .
• Question 258:

  A medium for intra-departmental communication is all except

  Options:
  A) intercom
  B) notice board
  C) radiophone
  D) circular
  Show Answer
  The correct answer is C .
• Question 259: The agency in Nigeria which ensure that products conform to government quality specification is the Options:
  A) Nigerian consumers’ association
  B) Manufacturers' Association of Nigeria
  C) Standard Organization of Nigeria
  D) Nigerian Chamber of commerce
  Show Answer
  The correct answer is C .
• Question 260:

  A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as

  Options:
  A) indigenisation
  B) commercialisation
  C) nationalisation
  D) privatisation
  Show Answer
  The correct answer is A .