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 31: The primary motive behind an individual engaging in production is to? Options:
  A) fully engaged all the factors of production
  B) make available goods and services
  C) meets projected profit
  D) meet basic human needs
  Show Answer
  The correct answer is C .
• Question 32: Excise duties are paid on goods that are Options:
  A) imported into the country
  B) manufactured within the company
  C) exported to other clonutries
  D) kept in bond warehouses
  Show Answer
  The correct answer is B .
• Question 33: The type of labour that makes use of physical effort in production processes is the Options:
  A) unskilled labour
  B) skilled labour
  C) blue-collar job
  D) white-collar job
  Show Answer
  The correct answer is A .
• Question 34: A public limited company can raise long-term loans through Options:
  A) the capital market
  B) the money market
  C) bank overdrafts
  D) discount houses
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  The correct answer is A .
• Question 35: Which of the following advertising medium appeals to only the literate in the society Options:
  A) radio advertising
  B) print media advertising
  C) television advertising
  D) cinema advertising
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  The correct answer is B .
• Question 36: The unit through which result of a processed data are displayed is the? Options:
  A) logic unit
  B) display unit
  C) control unit
  D) output unit
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  The correct answer is D .
• Question 37: Securities that entitle the investor to coupon rates are Options:
  A) bonds
  B) equities
  C) warrants
  D) treasury bills
  Show Answer
  The correct answer is B .
• Question 38: Consumers require protection against exploitation to ensure? Options:
  A) adequate consumer awareness
  B) availability of products variety
  C) the sale of quality products
  D) increased aggregate demand
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  The correct answer is C .
• Question 39:

  A person engaged for the purpose of bringing his principal and a third party into a contractual relation is

  Options:
  A) an arbiter
  B) an auctioneer
  C) an agent
  D) a middlemen
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  The correct answer is C .
• Question 40:

  One of the products of the construction industry is a

  Options:
  A) piece of cloth
  B) bag of cement
  C) television
  D) chair
  Show Answer
  The correct answer is B .