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 551: A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank Options:
  A) Bank draft
  B) Bankers’ order
  C) Promissory note
  D) Travelers cheque
  Show Answer
  The correct answer is B .
• Question 552: The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __ Options:
  A) Stroke
  B) Consumerism
  C) Picketing
  D) Demonstration
  Show Answer
  The correct answer is B .
• Question 553: The physical component of a computer system is Options:
  A) software
  B) hardware
  C) hard disk
  D) floppy disk
  Show Answer
  The correct answer is B .
• Question 554:

  Use the information below to answer questions 13 and 14

  	#
  Sales	50,000.00
  Debtors	10,000.00
  Cash in hand	5,000.00
  Opening stock	30,000.00
  Creditors	8,000

  Options:
  A) #35,000.00
  B) #20,000.00
  C) #5,000.00
  D) #14,000.00
  Show Answer
  The correct answer is C .
• Question 555: An example of indirect service is rendered by Options:
  A) civil servants
  B) family doctors
  C) household servant
  D) entertainers
  Show Answer
  The correct answer is A .
• Question 556: A collective term for advertising, personal selling and publicity is? Options:
  A) exhibition
  B) promotion
  C) trade fair
  D) merchandizing
  Show Answer
  The correct answer is A .
• Question 557: The pricing policy that seeks to set prices relatively high in order to attract the wealthy segment of the market is Options:
  A) target return pricing
  B) market skimming
  C) variable pricing
  D) market penetration
  Show Answer
  The correct answer is B .
• Question 558:

  Communication process involves the transmission of a message over a selected channel to the

  Options:
  A) encoder
  B) receiver
  C) audience
  D) sender
  Show Answer
  The correct answer is B .
• Question 559:

  

  Use the document below to answer the question.

  Okon Etim Esin is the

  Options:
  A) debtor
  B) creditor
  C) exporter
  D) importer
  Show Answer
  The correct answer is B .
• Question 560:

  Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.

  Which of the above is aid to trade?

  Options:
  A) i, ii, iii and Viii
  B) iii, V, Vi and Viii
  C) i, ii, iii and Vi
  D) ii, V,Vi, and Vii
  Show Answer
  The correct answer is B .