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 401:

  Which of the following is an item in the marketing mix?

  Options:
  A) market
  B) consumer
  C) demand
  D) promotion
  Show Answer
  The correct answer is D .
• Question 402: An example of indirect service is rendered by Options:
  A) civil servants
  B) family doctors
  C) household servant
  D) entertainers
  Show Answer
  The correct answer is A .
• Question 403: The most commonly used commercial documents are? Options:
  A) order notes, debit notes, invoices and quotations
  B) letters of enquiry, consignment notes, receipts and invoices
  C) credit notes, statement of accounts, depatch order and bills
  D) balance sheet, receipts, invoices and manifest
  Show Answer
  The correct answer is A .
• Question 404: The overriding advantage of home trade over foreign trade is Options:
  A) accessibility of seller to buyer
  B) absence of many documents
  C) ease in language of transaction
  D) ease in form of payment
  Show Answer
  The correct answer is A .
• Question 405:

  A cheque is specially crossed if

  Options:
  A) the name of the account holder is written between two parallel lines drawn across it
  B) it could be paid over the counter
  C) the name of the bank is written between two parallel lines drawn across it
  D) only two parallel lines are drawn across it
  Show Answer
  The correct answer is C .
• Question 406: The protection of consumers against exploitation by manufacturers is to ensure? Options:
  A) thaty there are varieties of product
  B) that the right quality of goods and services is sold
  C) increase in production capacity
  D) increase in the level of consumers awareness
  Show Answer
  The correct answer is B .
• Question 407: The availability of goods and services is brought to the notice of customers through? Options:
  A) personal selling
  B) public relations
  C) the telephone
  D) advertising
  Show Answer
  The correct answer is D .
• Question 408: Which of the following is a quality of money Options:
  A) Availability
  B) Scarcity
  C) Indivisibility
  D) Convertibility
  Show Answer
  The correct answer is A .
• Question 409: The process of dividing task into jobs and departments and of delegating authority is known as? Options:
  A) staffing
  B) leading
  C) directing
  D) organizing
  Show Answer
  The correct answer is D .
• Question 410: The Nigerian Telecommunications Limited is a? Options:
  A) jointly owned company
  B) public corpoation
  C) privately owned company
  D) public company
  Show Answer
  The correct answer is B .