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 331: Who is the offeree in this contract ? Options:
  A) Musa
  B) Audu
  C) Adamu
  D) Jacob
  Show Answer
  The correct answer is C .
• Question 332: In Nigeria, the main source of pollution is? Options:
  A) domestic waste
  B) oganic waste
  C) gas flaring
  D) industral waste
  Show Answer
  The correct answer is D .
• Question 333:

  A fall in the value of a country's currency vis-a-vis other currencies is known as__________

  Options:
  A) Depreciation
  B) Reduction
  C) Devaluation
  D) Exchange rate
  Show Answer
  The correct answer is C .
• Question 334:

  A title, symbol, or design that distinguishes a company is called

  Options:
  A) Brand name
  B) Trademark
  C) copyright
  D) Patent right
  Show Answer
  The correct answer is B .
• Question 335: A Memorandum of Association is applicable to a? Options:
  A) sole trader
  B) joint company
  C) partnership
  D) public corporation
  Show Answer
  The correct answer is B .
• Question 336:

  The agency in Nigeria which ensures that products conform with government quality specifications is the?

  Options:
  A) standard organisation of Nigeria
  B) Nigeria consumer association
  C) manufacturers association of Nigeria
  D) Nigeria chambers of commerce
  Show Answer
  The correct answer is A .
• Question 337: Communication enhances business activities by? Options:
  A) facilitating interaction between producers and consumers
  B) facilitating interaction among media houses
  C) ensuring the movement of goods from the producer to the consumer
  D) keeping the goods safe untill they are needed
  Show Answer
  The correct answer is A .
• Question 338:

  Which of these is a document used in International trade?

  Options:
  A) Debit note
  B) Credit note
  C) Invoice
  D) Price ring
  Show Answer
  The correct answer is C .
• Question 339: Adigun displays goods of different makes on shelves in his supermarket. This is an example of Options:
  A) invitation to treat
  B) offer to sell
  C) offer to purchase
  D) invitation to sell
  Show Answer
  The correct answer is A .
• Question 340:

  The board of directors of public enterprise is appointed by who?

  Options:
  A) government
  B) management
  C) employees
  D) shareholders
  Show Answer
  The correct answer is A .