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: Which of the following is an determines the quality of goods and that a retailer sells? Options:
  A) the mode of contract of sales
  B) the type of manufacturer
  C) the regulations regarding sales in the area
  D) the location of his shop
  Show Answer
  The correct answer is B .
• Question 332: Which of the following is not a veritable source of funds to a public limited company? Options:
  A) government financial grant
  B) advances and loan from banks
  C) internally generated funds
  D) funds from the sale of shares
  Show Answer
  The correct answer is A .
• Question 333: One of the advantages of commercialization is that it? Options:
  A) encourages entrepreneuership
  B) increases the salaries of workers
  C) motivates governement to establish more business
  D) gives wortkers on-the-job training
  Show Answer
  The correct answer is A .
• Question 334: A close indent is an instrument to an agent to Options:
  A) order goods from a particular manufacturer
  B) order goods from any manufacturer
  C) sell gods to any firm
  D) sell goods to a certain firm
  Show Answer
  The correct answer is A .
• Question 335: Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through Options:
  A) cash on delivery service
  B) recorded delivery service
  C) express service
  D) free on board service
  Show Answer
  The correct answer is D .
• Question 336: Which of the following aspects of marketing stimulates buying by providing free gifts Options:
  A) a personal selling
  B) sales promotion
  C) advertising
  D) publicity
  Show Answer
  The correct answer is B .
• Question 337: The best pricing strategy for a company that produces warm clothing is? Options:
  A) target return pricing
  B) bid pricing
  C) variable pricing
  D) product line pricing
  Show Answer
  The correct answer is D .
• Question 338: A major setback of international trade is? Options:
  A) inadequate exports
  B) economic sanctions
  C) devaluation of currency
  D) exchange rate appreciation
  Show Answer
  The correct answer is B .
• Question 339: Which of the following best describes the classification of computer? Options:
  A) Mini-computer, speed and size
  B) Micro-computer, cost and abilities
  C) Mini-computer, Micro-computer and work station
  D) Mini-computer , hybrid and digital
  Show Answer
  The correct answer is C .
• Question 340: The market where only indigenous firms are considered is the? Options:
  A) money market
  B) second-tier securities market
  C) local market
  D) stock exchange
  Show Answer
  The correct answer is B .