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 2691: The final link in the chain of distribution is Options:
  A) middlemen
  B) whole saling
  C) consumer
  D) retailing
  Show Answer
  The correct answer is C .
• Question 2692:

  

  Use the diagram above to answer the question.

  What does V represent?

  Options:
  A) Ais to trade
  B) Advertising
  C) Manufacturing
  D) industry
  Show Answer
  The correct answer is A .
• Question 2693: Computers that process all data as binary zeros and ones are Options:
  A) analog computers
  B) digital computers
  C) hybrid computers
  D) desktop computers
  Show Answer
  The correct answer is B .
• Question 2694: The daily official publications of the Nigeria Stock Exchange give detailed information on the? Options:
  A) changes in the official rules set by the market
  B) method of transactions agreed upon by members
  C) participation of members in a day
  D) changes in the price of securities
  Show Answer
  The correct answer is C .
• Question 2695: The principal objectives of the Central Bank of Nigeria can be classified broadly into? Options:
  A) bankers' bank lender of last resort and issuance of currency
  B) service, currency management and financial intermediation
  C) banking services, foreign exchange operations and open markets operations
  D) service, monetary policy and developmental functions
  Show Answer
  The correct answer is A .
• Question 2696:

  Departmentalization is an aspect of

  Options:
  A) directing
  B) organizing
  C) planning
  D) controlling
  Show Answer
  The correct answer is B .
• Question 2697:

  Which of the following is not a function of a consumer association?

  Options:
  A) Ensuring that consumers buy quality goods
  B) Educating consumers on their rights
  C) Penalizing importers of fake goods
  D) Ensuring that fair prices are charged
  Show Answer
  The correct answer is B .
• Question 2698: Which of the following maxims negate the principle of collective bargaining? Options:
  A) individual employees have weak bargaining base
  B) individual employees attain strength when they come together in union
  C) only members of the union can benefit from agreements negotiated by the union
  D) collective bargainig covers the vast majority of employees, whether union members or not
  Show Answer
  The correct answer is C .
• Question 2699: The difference between the buying and selling price of shares is known as? Options:
  A) brokerage
  B) margin
  C) jobber's turn
  D) gross profit
  Show Answer
  The correct answer is C .
• Question 2700: Which of the following document permit an importer to inspect his goods before the arrival of the bill of lading? Options:
  A) Bill of sight
  B) Import invoice
  C) Consular invoice
  D) Bill of exchange
  Show Answer
  The correct answer is C .