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 311: The Nigerian Stock Exchange publishes a daily official list that gives full information on the? Options:
  A) method of transation agreed to by members
  B) number of participating members in a day
  C) changes in the prices and earnings of securities
  D) changes in the official rules set by the market
  Show Answer
  The correct answer is C .
• Question 312: One of the factors of determining the volume of production is Options:
  A) availablity of forex
  B) availability of storage facilities
  C) the location of the business
  D) the number of skilled manpower
  Show Answer
  The correct answer is B .
• Question 313:

  The communication aspect of the marketing mix is

  Options:
  A) Price
  B) Promotion
  C) Place
  D) Product
  Show Answer
  The correct answer is B .
• Question 314: The slogan, a wonderful world, used by a communication network is a form of? Options:
  A) product differentiation
  B) persuasive advertising
  C) publicity
  D) packaging
  Show Answer
  The correct answer is B .
• Question 315: A major benefit derivable from the privatization and commercialization of public enterprises in Nigeria is? Options:
  A) increase in wages
  B) employment generation
  C) information technology
  D) revenue generation
  Show Answer
  The correct answer is D .
• Question 316: The creation of utilities is to satisfy human wants is referred to as? Options:
  A) production
  B) consumption
  C) industrialization
  D) occupation
  Show Answer
  The correct answer is A .
• Question 317: Non-insurable risk include? Options:
  A) gambling
  B) damage to property
  C) death
  D) marine problems
  Show Answer
  The correct answer is A .
• Question 318:

  Departmentalization is an aspect of

  Options:
  A) directing
  B) organizing
  C) planning
  D) controlling
  Show Answer
  The correct answer is B .
• Question 319: Which of the following will not be stated in a Memorandum of Association Options:
  A) Name clause
  B) rights of shareholders
  C) object clause
  D) registered office
  Show Answer
  The correct answer is C .
• Question 320: The association that comprises all types of businesses is referred to as? Options:
  A) chamber of commerce
  B) trust
  C) trade association
  D) cartel
  Show Answer
  The correct answer is A .