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 691:

  Which of the following attracts only interest but leaves the capital unpaid?

  Options:
  A) uberrimae fidei
  B) subrogation
  C) contribution
  D) redeemable bond
  Show Answer
  The correct answer is D .
• Question 692: An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a Options:
  A) cartel
  B) syndicate
  C) Chamber of Commerce
  D) Nigeria Bar Association
  Show Answer
  The correct answer is C .
• Question 693: Which of the following is a quality of money Options:
  A) Availability
  B) Scarcity
  C) Indivisibility
  D) Convertibility
  Show Answer
  The correct answer is A .
• Question 694: Adigun displays goods of different makes on shelves in his supermarket. This is an example of Options:
  A) invitation to treat
  B) offer to sell
  C) offer to purchase
  D) invitation to sell
  Show Answer
  The correct answer is A .
• Question 695: The secretariat of the Niger Basin Commission is located at Options:
  A) Ouagadougou, Burkina Faso
  B) Abuja, Nigeria
  C) Niamey, Niger
  D) Bamako, Mali
  Show Answer
  The correct answer is C .
• Question 696: The four Ps of marketing are? Options:
  A) product, place , process and promotion
  B) price, product, properrty and place
  C) price, product, place and promotion
  D) price, production , place and property
  Show Answer
  The correct answer is C .
• Question 697:

  A bear market is said to be in existence in a period of

  Options:
  A) Boom
  B) Stump
  C) Bullish
  D) Stagflation
  Show Answer
  The correct answer is B .
• Question 698: In order to increase the capital owned, a sole trader may Options:
  A) seek for bank loan
  B) issue debentures
  C) acquire extra shop fittings on credit
  D) draw less of his profit for personal use
  Show Answer
  The correct answer is D .
• Question 699: The distribution of petroleum products in Nigeria is through Options:
  A) rail
  B) road
  C) sea
  D) air
  Show Answer
  The correct answer is D .
• Question 700:

  Which of the following has power to order withdrawal of a particular food item from circulation?

  Options:
  A) Federal High Courts in Nigeria
  B) Standard Organization of Nigeria
  C) Local Government Health Inspectors
  D) Food and Drugs Department of the Federal Ministry of Health
  Show Answer
  The correct answer is C .