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 2731:

  The main objective of corporate mergers is to?

  Options:
  A) minimize the effect of taxation
  B) increase financial advantage
  C) facilitate profit maximization
  D) enhance economies of scale
  Show Answer
  The correct answer is D .
• Question 2732: To make a simple contract valid, the intention must be? Options:
  A) legal and written
  B) legal and binding
  C) legal and attractive
  D) legal and harmonious
  Show Answer
  The correct answer is B .
• Question 2733: A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing? Options:
  A) price concept
  B) distribution concept
  C) product concept
  D) markting concept
  Show Answer
  The correct answer is D .
• Question 2734: The three major function unit which the modern computer has are Options:
  A) the input the processor and the output units
  B) the black box, output and input units
  C) BASIC, COBOL and output uits
  D) BASIC, the processor and PASCAL
  Show Answer
  The correct answer is A .
• Question 2735: A distinguishing characteristics of a limited liability company is that it Options:
  A) is a collection of many sole proprietors
  B) is a multiple partnership
  C) can sue and be sued
  D) has limited resources
  Show Answer
  The correct answer is C .
• Question 2736: The effects of devaluation includes all except _______ Options:
  A) exports become cheaper
  B) expansion of local industries
  C) increase in standard of living
  D) increase in import
  Show Answer
  The correct answer is D .
• Question 2737: A system where customer patronage is sought by producing what they need is referred to as _______? Options:
  A) sales promotion
  B) market promotion
  C) product promotion
  D) market orientation
  Show Answer
  The correct answer is D .
• Question 2738: The agency in Nigeria which ensures that products conform to government quality specifications is the? Options:
  A) Standards Organization of Nigeria
  B) Nigerian Consumers’ Association
  C) Manufacturers’ Association of Nigeria
  D) Nigerian Chamber of commerce
  Show Answer
  The correct answer is A .
• Question 2739: The Customs and Excise Department is responsible for the the collection of? Options:
  A) royalties
  B) tariffs
  C) taxes
  D) charges
  Show Answer
  The correct answer is B .
• Question 2740: A bond which attracts interest but leaves the capital repaid is referred to as Options:
  A) A redeemable bond
  B) An irredeemable bond
  C) A development bond
  D) A long-term loan
  Show Answer
  The correct answer is B .