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 51:

  The Sole aim of government owned business is to

  Options:
  A) make profit
  B) provide services to the public
  C) spread environmental pollution
  D) manage action
  Show Answer
  The correct answer is B .
• Question 52: The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix isreferred to as Options:
  A) concentration segmentation
  B) market concept
  C) consumer orientation
  D) market penetration
  Show Answer
  The correct answer is D .
• Question 53: Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting? Options:
  A) market skimming
  B) market penetration
  C) product live promotion
  D) above the market pricing
  Show Answer
  The correct answer is A .
• Question 54: What is the role of the capital market in the privatization exercise in Nigeria? Options:
  A) Selling the shares and stocks of the companies to be privatized
  B) Encouraging private companies to participate in the exercise
  C) Negotiating with individuals who want to buy public companies
  D) Advertising for governement
  Show Answer
  The correct answer is A .
• Question 55: A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the? Options:
  A) whloesalers' association
  B) consumers association
  C) government agency
  D) workers' union
  Show Answer
  The correct answer is B .
• Question 56:

  

  The total sum for financing short term projects is

  Options:
  A) N 40 000
  B) N 30 000
  C) N 200 000
  D) N 70 000
  Show Answer
  The correct answer is C .
• Question 57: One type of investment that have a variable income is Options:
  A) debentures
  B) preferred shares
  C) government bonds
  D) ordinary shares
  Show Answer
  The correct answer is D .
• Question 58: A group of companies is a collection of? Options:
  A) subsidiaries and their holding company
  B) firms
  C) associates and their holding company
  D) industries
  Show Answer
  The correct answer is A .
• Question 59:

  

  A company earned a total revenue of ₦108 million with a total cost of ₦91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.

  Options:
  A) ₦24.65 million
  B) ₦17.00 million
  C) ₦9. 35 million
  D) ₦7.65 million
  Show Answer
  The correct answer is C .
• Question 60: A major merit of the retaining middlemen is to _______ Options:
  A) pay cash to the bank: for manufacturers
  B) stock perishable goods
  C) regulate price for manufacturers
  D) stock goods produced by different manufacturer
  Show Answer
  The correct answer is D .