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 41: International trade takes place as a result of? Options:
  A) uniformity in costs of production
  B) inequitable distribution of natural resources
  C) parity in the level of industrialization
  D) similarities in climate conditions
  Show Answer
  The correct answer is B .
• Question 42:

  Which of these is a document used in International trade?

  Options:
  A) Debit note
  B) Credit note
  C) Invoice
  D) Price ring
  Show Answer
  The correct answer is C .
• Question 43:

  Advantages of pipeline transport include all except_______

  Options:
  A) Low maintenance cost
  B) It is safe
  C) Continuous Flow of goods
  D) Prone to leakages
  Show Answer
  The correct answer is D .
• Question 44:

  Goods bought into the country for sale are the country's

  Options:
  A) invisible imports
  B) invisible exports
  C) visible imports
  D) visible exports
  Show Answer
  The correct answer is C .
• Question 45: The Continental West African Conference is a Options:
  A) group of all West African countries trading in the same products
  B) conference to foster unity among the West African countries
  C) gorups of shipping lines operating on the same West African route
  D) trust with shareholders fromall West African countries
  Show Answer
  The correct answer is D .
• Question 46: Goods imported into a country for the purpose of re-exporting attracts a rebate known as Options:
  A) customs draw back
  B) export royalty
  C) incentive
  D) export rebate
  Show Answer
  The correct answer is A .
• Question 47: The activities of consumers association in Nigeria have not been effective because Options:
  A) the consumers are too many
  B) the government is not favourabley dispose towards consumerism
  C) there is poor enlightenment about consumer rights
  D) the consumers have no medium for expressing their feelings
  Show Answer
  The correct answer is D .
• Question 48:

  A commission charged on postal order is__________

  Options:
  A) postal zero
  B) postal orders
  C) poundage
  D) brokage
  Show Answer
  The correct answer is C .
• Question 49: 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 50: The document issued to a port authority when goods are deposited is a? Options:
  A) dock landing account
  B) bill of sight
  C) bill of lading
  D) dock warrant
  Show Answer
  The correct answer is D .