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: A worker who process rice is engaged in? Options:
  A) constructive activity
  B) comercial activity
  C) extractive activity
  D) manufactural activity
  Show Answer
  The correct answer is D .
• Question 22:

  Tourism involving residents of the given country travelling only within this country is called__________

  Options:
  A) Domestic Tourism
  B) Inbound Tourism
  C) Outbound Tourism
  D) Traveller's Tourism
  Show Answer
  The correct answer is A .
• Question 23:

  Distribution of goods belongs to

  Options:
  A) Construction industry
  B) extractive industry
  C) manufacturing industry
  D) commercial industry
  Show Answer
  The correct answer is D .
• Question 24: The availability of goods and services is brought to the notice of customers through? Options:
  A) personal selling
  B) public relations
  C) the telephone
  D) advertising
  Show Answer
  The correct answer is D .
• Question 25: The program that makes up the operating system in a computer is? Options:
  A) microprogram
  B) system flowchart
  C) system software
  D) syntax
  Show Answer
  The correct answer is C .
• Question 26: The term 4 net 7 on an invoice means that Options:
  A) 4% surcharge will be made unless payment is made within seven days
  B) 4% discount will be allowed on the price charged only if the good are bought within seven days
  C) 4% discount will be allowed on the price charge if payment is made after seven days
  D) 4% discount will be allowed on the price charged if payment is made price charged if payment is made price charged if payment is made within seven days.
  Show Answer
  The correct answer is D .
• Question 27: A source of business financing which involves pledging of a specific assets is? Options:
  A) bond
  B) mortage
  C) debentures
  D) loan
  Show Answer
  The correct answer is B .
• Question 28: The major source of income to commercial banks is? Options:
  A) tourism
  B) banking
  C) communication
  D) transportation
  Show Answer
  The correct answer is C .
• Question 29:

  A conter offer is an offer that is

  Options:
  A) different from the original offer
  B) breached
  C) different in terms of acceptance
  D) extended to several people at once
  Show Answer
  The correct answer is A .
• Question 30: Which of the statements below is true of Mr Abayomi? Options:
  A) He can assign his shares to another without consent of other partners
  B) He cannot take part in the management of the business
  C) His actions as a limited partner can bind the firm
  D) His death will automatically dissolve partnership
  Show Answer
  The correct answer is C .