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 2651: Law-making is an example of? Options:
  A) indirect service
  B) commerical occupation
  C) direct service
  D) industrial occupation
  Show Answer
  The correct answer is C .
• Question 2652:

  The difference between the central bank and commercial bank is that the former

  Options:
  A) serves as lender of last resort
  B) discount treasury bills
  C) saves valuable of individual
  D) give loans to the public
  Show Answer
  The correct answer is A .
• Question 2653: One way by which a business can discharge its social responsibility to its community is to? Options:
  A) hold monthly meetings of its customers
  B) building houses for its executives
  C) award scholarship to staff children
  D) build public health centres
  Show Answer
  The correct answer is D .
• Question 2654: Rights issue means the Options:
  A) issue of shares to the directors of a company on favourable terms
  B) Issue of shares by a company only to the founders of the company
  C) right of shareholders to vote on any issue
  D) issue of shares to shareholders on favourable terms
  Show Answer
  The correct answer is D .
• Question 2655: Materials used for further production of goods and services are known as? Options:
  A) export goods
  B) intermediate goods
  C) capital goods
  D) consumer goods
  Show Answer
  The correct answer is C .
• Question 2656:

  The provision of qualified managerial and other skilled personnel for an enterprise is called

  Options:
  A) Directing
  B) Controlling
  C) Planning
  D) Staffing
  Show Answer
  The correct answer is D .
• Question 2657:

  Sudden technological changes can have the effect of making?

  Options:
  A) a company's management style ineffective
  B) a company's product obsolete
  C) the control mechanism difficult to implement
  D) the motivational factors in the company difficult to monitor
  Show Answer
  The correct answer is B .
• Question 2658: The most dangerous pollution is? Options:
  A) water
  B) noise pollution
  C) soil pollution
  D) air pollution
  Show Answer
  The correct answer is D .
• Question 2659: The role of customs and exercise authority includes the Options:
  A) provision of a good transport system to facilitate imports and exports
  B) provision of security at the port
  C) control of the flow of goods in and out of the country
  D) provision of dockyards for ship repairs
  Show Answer
  The correct answer is C .
• Question 2660: An agent who takes tittle to goods and has authority to buy and sell on behalf of another is? Options:
  A) a jobber
  B) a broker
  C) a factor
  D) an auctioneer
  Show Answer
  The correct answer is C .