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 2791: Which of the following is NOT backed by gold but by government securites? Options:
  A) Fiduciary note
  B) Token money
  C) Commodity money
  D) Fiat money
  Show Answer
  The correct answer is A .
• Question 2792: The role of customs and exercise authority includes the Options:
  A) control of the flow of goods in and out of the country
  B) control of security agents within and out of the borders
  C) provision of dockyards for ship repairs and maintenance
  D) provision of transport system to facilitate imports and exports
  Show Answer
  The correct answer is A .
• Question 2793: One of the merits of television as a medium of of advertising is that it? Options:
  A) is prone to censorship
  B) is relatively cheap
  C) has more sensory stimulation
  D) has more network coverage
  Show Answer
  The correct answer is C .
• Question 2794: A chain store usually combines the features of? Options:
  A) mulitiple shops and departmental stores
  B) hypermarkets and stalls
  C) multiple shops and hypermarkets
  D) mail order business and multiple stops
  Show Answer
  The correct answer is A .
• Question 2795:

  The activity which entails buying of goods in bulk and selling in small quantities to retailers is

  Options:
  A) wholesaling
  B) retailing
  C) merchandising
  D) assembling
  Show Answer
  The correct answer is A .
• Question 2796: A form of money that has gone out of use is? Options:
  A) paper money
  B) bank money
  C) commodity money
  D) foreign money
  Show Answer
  The correct answer is C .
• Question 2797:

  Goods bought into the country for sale are the country's

  Options:
  A) invisible imports
  B) invisible exports
  C) visible imports
  D) visible exports
  Show Answer
  The correct answer is C .
• Question 2798: Foreign trade also involves? Options:
  A) providing services for other countries
  B) specialization and the exchange of goods in a country
  C) buying and selling within a country
  D) the exchange of goods and services between firms
  Show Answer
  The correct answer is A .
• Question 2799: A process of creating more market for a product is through? Options:
  A) consumerism
  B) marketing
  C) advertising
  D) reponsitioning
  Show Answer
  The correct answer is C .
• Question 2800: The focal point of marketing is? Options:
  A) the competitior
  B) the buyer
  C) profit-making
  D) sales
  Show Answer
  The correct answer is D .