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 421: The agency in Nigeria which ensure that products conform to government quality specification is the Options:
  A) Nigerian consumers’ association
  B) Manufacturers' Association of Nigeria
  C) Standard Organization of Nigeria
  D) Nigerian Chamber of commerce
  Show Answer
  The correct answer is C .
• Question 422: An agent who takes title to goods and has authority to buy and sell on behalf of another is Options:
  A) A jobber
  B) A broker
  C) A factor
  D) An auctioneer
  Show Answer
  The correct answer is A .
• Question 423:

  A merchant wholesaler is referred to as?

  Options:
  A) del-credere agent
  B) a broker
  C) rack jobber
  D) a factor
  Show Answer
  The correct answer is D .
• Question 424: The document which can be exchange for a bill of lading is? Options:
  A) freight note
  B) mate receipt
  C) export invoice
  D) ship report
  Show Answer
  The correct answer is A .
• Question 425: A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a Options:
  A) statement of account
  B) consular invoice
  C) proforma invoice
  D) statement affairs
  Show Answer
  The correct answer is A .
• Question 426: A software application which enables a user to display and interact with texts, images and videos is the? Options:
  A) web server
  B) Internet Protocol
  C) coreldraw
  D) web browser
  Show Answer
  The correct answer is C .
• Question 427:

  In Nigeria, it is mandatory for all business enterprises to be registered with the________

  Options:
  A) Government
  B) Corporate Affairs Commission
  C) Agent
  D) Enterprise
  Show Answer
  The correct answer is B .
• Question 428: The most important business objective is to Options:
  A) improve investments
  B) provide quality products
  C) target consumers for satisfaction
  D) carve a niche for the business
  Show Answer
  The correct answer is C .
• Question 429: The financial instrument that entitles the holder to receive dividend and capital gains is a? Options:
  A) share
  B) bond
  C) bill of exchange
  D) treasury bill
  Show Answer
  The correct answer is A .
• Question 430: Invisible imports consist of? Options:
  A) cement, shipping and consultancy services
  B) banking, drinks , insurance and technical services
  C) consultant services, tourism and banking
  D) tourism, banking and canned food and cement
  Show Answer
  The correct answer is C .