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 571:

  The effects of devaluation includes all except

  Options:
  A) expansion of local industries
  B) increase in import
  C) increase in standard of living
  D) exports become cheaper
  Show Answer
  The correct answer is C .
• Question 572: The social responsibility factor of an organization is geared towards Options:
  A) contributing to the sustenance and development of its host community
  B) operating without disrupting the very esssence of the environment
  C) tackling the soci-economic problems of the state
  D) meeting the needs and demands of the shareholders
  Show Answer
  The correct answer is A .
• Question 573:

  The concept that refers to the sale, transfer or exchange of goods and services is

  Options:
  A) trade
  B) tariff
  C) industry
  D) marketing
  Show Answer
  The correct answer is A .
• Question 574: In a business organization, the annual operation plan or budget is a form of Options:
  A) casual plan
  B) medium-term plan
  C) long-term plan
  D) short-term plan
  Show Answer
  The correct answer is D .
• Question 575: The compensation the insured gets depends heavily on the? Options:
  A) economic situation
  B) premium paid
  C) risk suffered
  D) insurer's bouyancy
  Show Answer
  The correct answer is B .
• Question 576: A document that serves as an instument for perferential tariff is referred to as Options:
  A) an indent
  B) a certificate of origin
  C) a consular invoice
  D) an advice note
  Show Answer
  The correct answer is B .
• Question 577: The process of decoding data in a computer is known as Options:
  A) dilution
  B) default drive
  C) decryption
  D) data security
  Show Answer
  The correct answer is C .
• Question 578: Most of the barriers to international trade have been eliminated through? Options:
  A) diversification
  B) globalization
  C) commercialization
  D) privatization
  Show Answer
  The correct answer is B .
• Question 579: The type of partnership in which all partners are jointly liable in bearing risk is? Options:
  A) limited partnership
  B) partnership-at-will
  C) ordinary partnership
  D) industral partnership
  Show Answer
  The correct answer is C .
• Question 580: Most of the barriers to international trade have been eliminated through? Options:
  A) diversification
  B) globalization
  C) commercialization
  D) privatization
  Show Answer
  The correct answer is B .