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 461: The efficiency of an organization is enhanced by? Options:
  A) government assistance
  B) the host community
  C) customer support
  D) skilled manpower
  Show Answer
  The correct answer is D .
• Question 462:

  The act of selling in a foreign market at a price lower than the cost price is called

  Options:
  A) Dumping
  B) hedging
  C) fair trading
  D) under sale
  Show Answer
  The correct answer is A .
• Question 463:

  When it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?

  Options:
  A) a receiver
  B) an auditor
  C) an account
  D) a liquidator
  Show Answer
  The correct answer is D .
• Question 464: The main advantage of road transport is that it is Options:
  A) convenient and flexible
  B) cheap and direct
  C) common and fast
  D) safe and available
  Show Answer
  The correct answer is A .
• Question 465: The main factors militating against the rapid growth of trade in Nigeria are? Options:
  A) inadequate transportation network and huge capital outlay
  B) lack of motivation and government attitude towards trade
  C) lacks of good transportation network and insecurity of investment
  D) huge capital outlay and government attitude to trade
  Show Answer
  The correct answer is C .
• Question 466: Citizens are against privatization mainly because of Options:
  A) Ineffective Management
  B) The likely hood of monopoly
  C) Increased price of good and services
  D) The ration dilation of organizations.
  Show Answer
  The correct answer is C .
• Question 467: Entrepot trade usually occurs in? Options:
  A) exchanging goods within a nation
  B) exchanging goods among countries
  C) importing goods to be re-exproted
  D) exproting goods to be re-imported
  Show Answer
  The correct answer is C .
• Question 468: Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the? Options:
  A) indemnity
  B) surrender value
  C) lump sum benefit
  D) insurance premium
  Show Answer
  The correct answer is C .
• Question 469: The three components of staffing are? Options:
  A) recruitment, selection and placement
  B) recruitment, interview and appointment
  C) recruitment , test and placement
  D) recruitment, procurement and appointment
  Show Answer
  The correct answer is A .
• Question 470:

  A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

  Options:
  A) Prompt cash
  B) Cash on delivery
  C) Spot cash
  D) Cash with order
  Show Answer
  The correct answer is C .