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 3021: One of the function of the Niger Basin Commission is to Options:
  A) Ensure equal treatment of African nations
  B) Foster closer co-operation among West African nations
  C) Map out regulation that will guide all navigation for all West African nations
  D) guarantee freedom of navigation for all West African nations
  Show Answer
  The correct answer is C .
• Question 3022:

  The face-to-face meeting of the seller with the buyer for the purpose of making sales is

  Options:
  A) mass selling
  B) impulse buying
  C) personal selling
  D) sale promotion
  Show Answer
  The correct answer is C .
• Question 3023: The computer that functions by taking discrete numbers and performing mathematical calculations is called? Options:
  A) mainframe
  B) digital
  C) hybride
  D) analogue
  Show Answer
  The correct answer is C .
• Question 3024: The document that explains the types of shares available for sale to the public is Options:
  A) a prospectus
  B) an invoice
  C) an open indent
  D) a closed indent
  Show Answer
  The correct answer is A .
• Question 3025:

  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 3026: An internal demand for goods to be purchased or drawn from stock is? Options:
  A) a quoation
  B) a requisition
  C) a tender
  D) an order
  Show Answer
  The correct answer is B .
• Question 3027:

  Balance of payment consist of _________ and __________ items

  Options:
  A) Credit and loss
  B) visible and non-visible
  C) valid and invalid
  D) income and expenditure
  Show Answer
  The correct answer is B .
• Question 3028: The safety and quality of products are the social responsibility of? Options:
  A) the Standards Organization of Nigeria
  B) the Manufacturers' Association of Nigeria
  C) the Corporate Affairs Commission
  D) business organizations
  Show Answer
  The correct answer is A .
• Question 3029: A major benefit a debtor can derive from using a credit facility is? Options:
  A) better service
  B) goodwill
  C) convenience
  D) control
  Show Answer
  The correct answer is C .
• Question 3030: The right of ownership with respect to goods or property is? Options:
  A) right of occupancy
  B) proxy
  C) tittle
  D) certificate of occupancy
  Show Answer
  The correct answer is D .