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 541:

  All but one is not an output devices?

  Options:
  A) Joystick
  B) Monitor
  C) Plotter
  D) Printer
  Show Answer
  The correct answer is A .
• Question 542: The instruments of credit includes? Options:
  A) billboards and postal stamps
  B) payment vouchers and statement of account
  C) bills of exchange and promissory notes
  D) bills of exchange and salary salary vouchers
  Show Answer
  The correct answer is C .
• Question 543: Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from. Options:
  A) a manufacturer's warehouse
  B) a bonded warehouse
  C) an importer's warehouse
  D) a wholesaler's warehouse
  Show Answer
  The correct answer is B .
• Question 544:

  The production of goods and services in anticipation of demand is made possible by

  Options:
  A) warehousing
  B) packaging
  C) branding
  D) advertising
  Show Answer
  The correct answer is A .
• Question 545: The business with the best business objectives is Options:
  A) Okon
  B) Taiwo
  C) Kalu
  D) Musa
  Show Answer
  The correct answer is A .
• Question 546: The principle of subrogation states that Options:
  A) an insured person should be indemnifed to the tune of the amount insured
  B) an insurance company can stand in place of the insured in dealing with third party
  C) oly a person who is likely to sufferrd loss should take take out an insurance cover
  D) ther must be a close connection between the actual loss suffered and risk insured
  Show Answer
  The correct answer is B .
• Question 547: The provision of quality and safe products which guarantee the health of consumers is an example of Options:
  A) quality control
  B) price control
  C) civic responsibility
  D) social responsibility
  Show Answer
  The correct answer is A .
• Question 548:

  A business unit in which savings of members are lent to others is a

  Options:
  A) consumer cooperative society
  B) producer cooperative society
  C) credit and thrift society
  D) wholesale cooperative society
  Show Answer
  The correct answer is C .
• Question 549: After-sales service is a function usually rendered by? Options:
  A) a retailer
  B) a wholesaler
  C) an agent
  D) an enterpreneur
  Show Answer
  The correct answer is A .
• Question 550:

  Given:
  ₦
  Opening Stock 1,800
  Purchases 2,800
  Sales 8,000
  Closing stock 350
  Carriage on sales 500

  Calculate the value of the unused stock.

  Options:
  A) ₦800
  B) ₦500
  C) ₦320
  D) ₦350
  Show Answer
  The correct answer is D .