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 61: The central working system of a computer used for data processing is the? Options:
  A) memory unit
  B) monitor
  C) floppy disk drive
  D) hard drive
  Show Answer
  The correct answer is B .
• Question 62:

  A distinctive advantage of GSM is its

  Options:
  A) cost
  B) stability
  C) coverage
  D) mobility
  Show Answer
  The correct answer is D .
• Question 63: A process of creating more market for a product is through? Options:
  A) consumerism
  B) marketing
  C) advertising
  D) reponsitioning
  Show Answer
  The correct answer is C .
• Question 64: When a company uses more of loans than equity to finance its business, the company is said to be Options:
  A) bankrupt
  B) solvent
  C) highly geared
  D) in a strong liquid position
  Show Answer
  The correct answer is C .
• Question 65:

  The growth of commerce is not enhanced by

  Options:
  A) development of modern forms of production
  B) government participation in business
  C) high population growth
  D) low per capita income
  Show Answer
  The correct answer is D .
• Question 66:

  An undertaking given by a person to another assuring his integrity is

  Options:
  A) proximate cause
  B) insurable interest
  C) fidelity guarantee
  D) subrogation
  Show Answer
  The correct answer is C .
• Question 67: A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages Options:
  A) caused by the insured vehicle
  B) to the insured vehicle
  C) cause by the other vehicle
  D) to the driver of insured vehicle
  Show Answer
  The correct answer is A .
• Question 68: The initial function of a manager is Options:
  A) setting up an organisation
  B) coordinating
  C) planning
  D) provision of welfare package
  Show Answer
  The correct answer is B .
• Question 69: The insurance principle that requires full disclosure of information on the insured is known as Options:
  A) indemnity
  B) uberrimae fidei
  C) subrogation
  D) caveat emptor
  Show Answer
  The correct answer is B .
• Question 70: Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to Options:
  A) remunerate Q
  B) reply Q
  C) indemnify Q
  D) settle Q
  Show Answer
  The correct answer is C .