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 811:

  Which of these is a document used in International trade?

  Options:
  A) Debit note
  B) Credit note
  C) Invoice
  D) Price ring
  Show Answer
  The correct answer is C .
• Question 812: A document that indicates obligation that is transferable by delivery and endorsement is a? Options:
  A) bill of lading
  B) bill of exchange
  C) documentary evidence
  D) negotiable instrument
  Show Answer
  The correct answer is A .
• Question 813: The main concern of marketing concept is to? Options:
  A) reduce the number of retail outlets
  B) identify consumer needs and satisfy them
  C) increase sales to meet consumers needs
  D) encourage division of labour
  Show Answer
  The correct answer is B .
• Question 814:

  Insurance against burglary is an example of

  Options:
  A) non-indemnity insurance
  B) non-insurable risk
  C) indemnity insurance
  D) fidelity guarantee insurance
  Show Answer
  The correct answer is C .
• Question 815: A factor necessary for siting a warehouse is nearness to Options:
  A) raw materials
  B) labour
  C) capital
  D) consumers
  Show Answer
  The correct answer is D .
• Question 816: One of the products of an extractive industry is Options:
  A) an airplane
  B) an iron ore
  C) a shoe
  D) a textile material
  Show Answer
  The correct answer is B .
• Question 817: A demonstration of social responsibility by a business is the payment of _______ Options:
  A) taxes to government
  B) dividends to shareholder
  C) interest on loans
  D) premium on insurance
  Show Answer
  The correct answer is A .
• Question 818: A feature common to privatization and commercialization is? Options:
  A) profit-making
  B) credit sales
  C) market expansion
  D) price increases
  Show Answer
  The correct answer is A .
• Question 819: A device that enables the downloading of information from the internet is the? Options:
  A) floppy drive
  B) compact disk
  C) modem
  D) bluetooth
  Show Answer
  The correct answer is C .
• Question 820: The type of computer software used mainly for management information is Options:
  A) corel draw
  B) autocad
  C) data base
  D) word perfect
  Show Answer
  The correct answer is C .