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 281: Tourists with no fixed address in a town may receive their letters from the post office through a Options:
  A) recorded delivery
  B) poste restante
  C) parcel post
  D) postmaster
  Show Answer
  The correct answer is B .
• Question 282: Which of the following best described the scope of commerce Options:
  A) All forms of commercial exchanges relating to industry
  B) Buying and selling and the construction industry
  C) All occupational exchanges relating to industries and commercial activities
  D) Buying and selling as well as the extraction of natural resources
  Show Answer
  The correct answer is C .
• Question 283: A printed copy of processed information from the computer is the? Options:
  A) soft copy
  B) file copy
  C) scanned copy
  D) hard copy
  Show Answer
  The correct answer is D .
• Question 284: The type of partnership in which all partners are jointly liable in bearing risk is? Options:
  A) limited partnership
  B) partnership-at-will
  C) ordinary partnership
  D) industral partnership
  Show Answer
  The correct answer is C .
• Question 285: Warehousing is a productive function because it increase the Options:
  A) quantity of goods
  B) utility of goods
  C) quality of goods
  D) price of goods
  Show Answer
  The correct answer is A .
• Question 286: What is the major function of the wholesaler? Options:
  A) buying from small-scale producers and selling to exporters
  B) buying in bulk and selling in small quantities
  C) granting of credit facilities to retailers
  D) providing information to manufacturers on market situation
  Show Answer
  The correct answer is B .
• Question 287: The primary motive behind an individual engaging in production is to? Options:
  A) fully engaged all the factors of production
  B) make available goods and services
  C) meets projected profit
  D) meet basic human needs
  Show Answer
  The correct answer is C .
• Question 288: 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 289: A major function of trade association is to _______ Options:
  A) assist members to buy cars
  B) help individuals to set up small business
  C) establish a link among member
  D) foster cooperation among members
  Show Answer
  The correct answer is D .
• Question 290: NACCIMA stands for Options:
  A) Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
  B) Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
  C) National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
  D) Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
  Show Answer
  The correct answer is D .