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 2591: 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 2592: The main purpose of insurance is to Options:
  A) encourage business to surviveand grow
  B) ensures that facilities are available for operators
  C) accepts risk s and extend credit to policy holders
  D) spread individual losses ove all covered participants
  Show Answer
  The correct answer is D .
• Question 2593: Which of the following group of countries are members of the Niger Basin Commission? Options:
  A) The republic of Guinea, Burkina Faso and Nigeria
  B) Ghana, liberia, and the republic of Benin
  C) Mali, Liberia and Nigeria
  D) Ghana , Burkina Faso and Chad
  Show Answer
  The correct answer is A .
• Question 2594:

  The art of soap making is an example of

  Options:
  A) tertiary occupation
  B) construction occupation
  C) primary occupation
  D) secondary occupation
  Show Answer
  The correct answer is D .
• Question 2595: The main role of advertising is to Options:
  A) convince prospective buyers to buy
  B) show the actual shape, form and colour of the products
  C) inform people where to obtain goods and services
  D) captured the attention of people
  Show Answer
  The correct answer is A .
• Question 2596: The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called Options:
  A) simplification
  B) standardization
  C) specialization
  D) satisficing
  Show Answer
  The correct answer is B .
• Question 2597: In every simple contract, the price which is paid to purchase a promise is called Options:
  A) offeree
  B) acceptance
  C) consideration
  D) representation
  Show Answer
  The correct answer is C .
• Question 2598: Tourism serves the purpose of Options:
  A) cross-cultural understanding and peaceful interaction
  B) opening values for leaving the country
  C) economic development and naturilization
  D) exploiting the country's natural endowment
  Show Answer
  The correct answer is D .
• Question 2599: The headquarters of the lake Chad Basin Commission is in? Options:
  A) Niamey
  B) N'Djamena
  C) Abuja
  D) Lagos
  Show Answer
  The correct answer is B .
• Question 2600: One of the main objectives of the Second-tier Securities Market in Nigeria is to Options:
  A) achieved a realistic exchange rate for the naira
  B) eliminate currency dealings in the black market
  C) assist companies to raise capital
  D) attract investment flow
  Show Answer
  The correct answer is D .