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 2941: 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 2942: An example of a consumer protection agency is the? Options:
  A) Nigeria Bar association
  B) Nigeria Medical Association
  C) Ferderal Environmental Protection Agency
  D) Manufacturers Association of Nigeria
  Show Answer
  The correct answer is C .
• Question 2943: The members of ECOWAS include? Options:
  A) Nigeria, Chad, Gabon and Cape Verde
  B) Burkina Faso, Nigeria and Ghana
  C) Guinea, Mali, Cameroun and Nigeria
  D) Togo, Niger, Nigeria and Ghana
  Show Answer
  The correct answer is D .
• Question 2944: The body regulating the sale and purchase of shares in Nigeria is the? Options:
  A) Corporate Affairs Commision
  B) Securities and Exchange Commision
  C) Securities and Exchange Tribunal
  D) Nigeria Stock Exchange
  Show Answer
  The correct answer is B .
• Question 2945: Which of the following contributed least to the evolution of commercial activities in Nigeria? Options:
  A) Development of banks
  B) Development oftransportation
  C) Development of trader's unions
  D) Development of currencies
  Show Answer
  The correct answer is D .
• Question 2946: 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 2947:

  A disadvantage of personal selling is that it

  Options:
  A) Increase a company’s number of customers
  B) Reduces a company area of patronage
  C) Increases a company’s operating costs
  D) Decreases a company’s operating costs
  Show Answer
  The correct answer is C .
• Question 2948:

  What do we call agreement between two people enforced by law?

  Options:
  A) Consideration
  B) offer
  C) contract
  D) agreement
  Show Answer
  The correct answer is C .
• Question 2949:

  The Central Bank Monetary policy instrument by which it buys and sells securities is called

  Options:
  A) Bank rate
  B) Cash reserve ratio
  C) Open market operation
  D) Bank credit
  Show Answer
  The correct answer is C .
• Question 2950: An invoice can be described as a Options:
  A) contractual agreement for the sale of goods
  B) document specifying quantity, description, prices and total value of purchase
  C) receipt containing necessary information about the goods
  D) letter specifying the contractual sales of goods between two parties
  Show Answer
  The correct answer is B .