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 21: An agreement that is enforceable in law is ________? Options:
  A) a contract
  B) an offer
  C) an acceptance
  D) a consideration
  Show Answer
  The correct answer is A .
• Question 22: Public relations and advertising are similar in terms of? Options:
  A) communicating product information
  B) customer education
  C) the mode of operation
  D) creating a favorable attitude
  Show Answer
  The correct answer is A .
• Question 23: A crossed cheque with the inscription 'not negotiable' must be paid into the? Options:
  A) current account of the drawer
  B) current account of the payee
  C) savings account of the payee
  D) fixed account of the payee
  Show Answer
  The correct answer is B .
• Question 24: One of the implications of the incorporation of a company is that Options:
  A) it is more difficult for the company to raise loans
  B) the company can sue but cannot be sued
  C) the company's property becomes distinguished from that of its members
  D) its members become liable for all the debts of the company
  Show Answer
  The correct answer is C .
• Question 25: Kamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on Options:
  A) Emeka's right to terminate the agreement
  B) Kamaldeen's right to re-hire the Goods
  C) Emeka's right to breach the agreement
  D) Kamaldeen's right to terminate the agreement
  Show Answer
  The correct answer is B .
• Question 26: The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a Options:
  A) consular invoice
  B) certificate of origin
  C) bill of lading
  D) close indent
  Show Answer
  The correct answer is B .
• Question 27: The main purpose of branding is to Options:
  A) create identity for a product
  B) make a product look attractive
  C) create product awareness
  D) increase sales volume
  Show Answer
  The correct answer is A .
• Question 28:

  A medium for intra-departmental communication is all except

  Options:
  A) intercom
  B) notice board
  C) radiophone
  D) circular
  Show Answer
  The correct answer is C .
• Question 29: Which of the following information is contained in the Articles of Association of a limited liability company? Options:
  A) Rights and obligations of directors
  B) Objectives of the company
  C) Amount of share capital
  D) Limitation of liability of shareholders.
  Show Answer
  The correct answer is A .
• Question 30:

  One of the merits of television as a medium of advertising is that it

  Options:
  A) is prone to censorship
  B) is relatively cheap
  C) has more network coverage
  D) has more sensory stimulation
  Show Answer
  The correct answer is D .