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:

  Any activity directed at conveying commodities to buyers is an aspect of

  Options:
  A) delivering
  B) advertising
  C) selling
  D) marketing
  Show Answer
  The correct answer is D .
• Question 552:

  The agency that currently oversees the privatization and commercialization process in Nigeria is the

  Options:
  A) Securities and Exchange Commission
  B) Technical Committee on privatization and commercialization
  C) Nigeria Stock Exchange
  D) Bureau of Republic Enterprises
  Show Answer
  The correct answer is D .
• Question 553:

  An undertaking to repair a customer's vehicle for a certain period after it has been sold is

  Options:
  A) after-sales service
  B) marketing mix
  C) market segmentation
  D) sales promotion
  Show Answer
  The correct answer is A .
• Question 554: A bank statement is a document Options:
  A) ordering a bank to pay on demand a stated sum of money
  B) containing records of receipts, payments and balance on an account
  C) used for paying into bank account
  D) used for regular withdrawal of money from a savings account
  Show Answer
  The correct answer is B .
• Question 555: Which of the following will not be stated in a Memorandum of Association Options:
  A) Name clause
  B) rights of shareholders
  C) object clause
  D) registered office
  Show Answer
  The correct answer is C .
• Question 556:

  The incentive given to a buyer to encourage prompt payment is

  Options:
  A) cash discount
  B) seasonal discount
  C) quantity discount
  D) trade discount
  Show Answer
  The correct answer is A .
• Question 557: Which of the following legislation aims primarily at the protection of consumers? Options:
  A) Law of contract
  B) Trade description Act
  C) Company's Act
  D) Partnership Act
  Show Answer
  The correct answer is B .
• Question 558: An organization which focuses on consumer satisfaction is practicing Options:
  A) consumerism
  B) market segmentation
  C) selling concept
  D) marketing concept
  Show Answer
  The correct answer is D .
• Question 559: 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 560: Production ends when goods and services ________ Options:
  A) reach the final consumer
  B) are used for manufacturing
  C) are packaged and labelled
  D) are sold to the middlemen
  Show Answer
  The correct answer is A .