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 621:

  The activities aimed at finding customers needs and satisfaction can be described as

  Options:
  A) conceptual marketing
  B) macro-marketing
  C) socio-marketing
  D) micro-marketing
  Show Answer
  The correct answer is A .
• Question 622:

  The satisfaction of consumer is best explained by

  Options:
  A) Product mix
  B) Marketing concept
  C) marketing mix
  D) market segmentation
  Show Answer
  The correct answer is B .
• Question 623:

  A form of money which was not used in the early days of trade is

  Options:
  A) tobacco
  B) metal bars
  C) cowries
  D) coins
  Show Answer
  The correct answer is C .
• Question 624: The major achievement of ECOWAS is? Options:
  A) the expansion of regional trade
  B) the emergance of a monetary union
  C) infrastructural development in member countries
  D) mobility of labour among member countries
  Show Answer
  The correct answer is A .
• Question 625: The two main categories under which marine losses fall into are? Options:
  A) particular loss and average loss
  B) actual loss and average loss
  C) total loss and partial loss
  D) voyage policy loss and time policy loss
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  The correct answer is C .
• Question 626: An arrangement by independent firms to share the market of their products on quota basis is referred to as? Options:
  A) trust
  B) integration
  C) syndicate
  D) cartel
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  The correct answer is C .
• Question 627: The reduction of import duties among the members countries of ECOWAS is an example of Options:
  A) preference duties
  B) preferential treatment
  C) preferential tariff
  D) preferential excise
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  The correct answer is C .
• Question 628: Which Commerce Question Paper is given to you? Options:
  A) Type A
  B) Type B
  C) Type C
  D) Type D
  Show Answer
  The correct answer is B .
• Question 629: The organizational structure that relates the positions of specialist to the line mangers is called? Options:
  A) line structure
  B) staff structure
  C) line and staff structure
  D) functional structure
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  The correct answer is B .
• Question 630: The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a? Options:
  A) joint venture
  B) cooperative society
  C) partnership
  D) company
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  The correct answer is A .