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: One of the major determinants of the volume of production is Options:
  A) the market size
  B) the availability of banks
  C) sex distribution
  D) government policy
  Show Answer
  The correct answer is A .
• Question 812:

  In Nigeria, it is mandatory for all business enterprises to be registered with the________

  Options:
  A) Government
  B) Corporate Affairs Commission
  C) Agent
  D) Enterprise
  Show Answer
  The correct answer is B .
• Question 813: The right of ownership with respect to goods or property is? Options:
  A) right of occupancy
  B) proxy
  C) tittle
  D) certificate of occupancy
  Show Answer
  The correct answer is D .
• Question 814: Non-insurable risk include? Options:
  A) gambling
  B) damage to property
  C) death
  D) marine problems
  Show Answer
  The correct answer is A .
• Question 815:

  The agency that currently oversees the privatization and commercialization process in Nigeria is the

  Options:
  A) Securities and Exchange Commission
  B) Technical Committee on privatization and commercialization
  C) Nigeria Stock Exchange
  D) Bureau of Republic Enterprises
  Show Answer
  The correct answer is D .
• Question 816: One major advantage of transportation to a business is to? Options:
  A) extend the firm's market coverage
  B) ensure that goods are produced faster
  C) procure raw materials cheaply
  D) ensure the quality of products
  Show Answer
  The correct answer is A .
• Question 817: 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 818:

  A major objective of all business resources is

  Options:
  A) human relation
  B) profit making
  C) public relation
  D) profit sharing
  Show Answer
  The correct answer is B .
• Question 819: The focal point of marketing is? Options:
  A) the competitior
  B) the buyer
  C) profit-making
  D) sales
  Show Answer
  The correct answer is D .
• Question 820: Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because Options:
  A) ownership was transfered on completeion of installment
  B) ownership was transfered on delivery
  C) Yahaya could not pass title to a third party
  D) Ali was still indebted to Yahaya
  Show Answer
  The correct answer is B .