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 341: The body charged with divesting government interests in public enterprises is? Options:
  A) SON
  B) NPC
  C) BPE
  D) NDE
  Show Answer
  The correct answer is C .
• Question 342:

  Bank giro is a system where?

  Options:
  A) commercial banks can give loan to all customers.
  B) a central bank opens accounts for commercial banks
  C) a customer uses a cheque to pay several bills.
  D) a customer closes his account by writing a cheque
  Show Answer
  The correct answer is C .
• Question 343:

  Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as

  Options:
  A) Sales Promotion
  B) Personal Selling
  C) Advertising
  D) Publicity
  Show Answer
  The correct answer is D .
• Question 344:

  The sale of second hand securities is done in which market

  Options:
  A) Building society
  B) cooperative society
  C) stock exchange
  D) capital market
  Show Answer
  The correct answer is C .
• Question 345: A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as? Options:
  A) selection
  B) strategy
  C) structure
  D) synergy
  Show Answer
  The correct answer is C .
• Question 346: The practice of assessing employees for payment or advancement according to their observed achievement is called Options:
  A) employee ranking
  B) merit rating
  C) job grading
  D) employee education
  Show Answer
  The correct answer is C .
• Question 347:

  The process of dividing tasks into jobs and departments and delegating authority is known as

  Options:
  A) organizing
  B) staffing
  C) directing
  D) leading
  Show Answer
  The correct answer is A .
• Question 348:

  An undertaking to repair a customer's vehicle for a certain period after it has been sold is

  Options:
  A) after-sales service
  B) marketing mix
  C) market segmentation
  D) sales promotion
  Show Answer
  The correct answer is A .
• Question 349: A risk that can be estimated and calculated to be compensation is? Options:
  A) a delivery risk
  B) an insurable risk
  C) a credit risk
  D) a systematic risk
  Show Answer
  The correct answer is B .
• Question 350:

  Money is generally acceptable for transaction due to

  Options:
  A) The rule of the law
  B) Its acceptability in the global market
  C) The legal backing
  D) The central bank’s Governor’s signature
  Show Answer
  The correct answer is C .