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: Communication process involves the transmission of a message over a selected channel to the? Options:
  A) receiver
  B) audience
  C) sender
  D) encoder
  Show Answer
  The correct answer is A .
• Question 422: The scope of commerce is limited to ________ Options:
  A) wholesale and entrepot trade
  B) trade and aids-to-trade
  C) wholesale and retail trade
  D) home and foreign trade
  Show Answer
  The correct answer is B .
• Question 423: The main motive of chambers of commerce and trade association is to? Options:
  A) assist governemnt in achieving its objective
  B) protect the interest of consumers
  C) maximize profit
  D) protect and promote the interests of members
  Show Answer
  The correct answer is D .
• Question 424:

  Good and services transferred from seller to buyer without immediate payment is referred to as

  Options:
  A) leasing
  B) hire purchase
  C) credit sale
  D) mutual understanding
  Show Answer
  The correct answer is C .
• Question 425: The major aim of establishing a public corporation is to Options:
  A) establish a monopoly
  B) provide essential services
  C) provide employment opportunities
  D) encourage specialization
  Show Answer
  The correct answer is B .
• Question 426: A retail cooperative society aims at? Options:
  A) hoarding manufactured goods
  B) cutting off the profit of the middlemen
  C) lending money to members at a low interest rates
  D) encouraging members to save money
  Show Answer
  The correct answer is B .
• Question 427: The media media used for inter-departmental communication include? Options:
  A) circulars, advertisement and notice boards
  B) memoranda, circulars and the telephone
  C) memoranda, advertising and face-to-face
  D) momoranda, advertising and the grapevine
  Show Answer
  The correct answer is B .
• Question 428: When a business enterprise provides free service to its environment, the service is said to be a Options:
  A) civic responsibility
  B) philanthropic consideration
  C) social responsibility
  D) political consideration
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  The correct answer is C .
• Question 429: The mode of transportation that conveys a limited variety of products through fixed laid routes is? Options:
  A) waterways
  B) road
  C) rail
  D) pipeline
  Show Answer
  The correct answer is D .
• Question 430: Avast is an example of Options:
  A) a web browser
  B) a search engine
  C) an antivirus
  D) a spread sheet
  Show Answer
  The correct answer is C .