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 851:

  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 852:

  

  The chart above represent the?

  Options:
  A) product mix relationship
  B) marketing mix relationship
  C) promotion mix elationship
  D) advertising mix relationship
  Show Answer
  The correct answer is B .
• Question 853: 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 854:

  The scope of economic activities can be enlarged by

  Options:
  A) transportation and trading
  B) trading and aids to trade
  C) business and its promotion
  D) insurance and banking
  Show Answer
  The correct answer is B .
• Question 855:

  The difference between the central bank and commercial bank is that the former

  Options:
  A) serves as lender of last resort
  B) discount treasury bills
  C) saves valuable of individual
  D) give loans to the public
  Show Answer
  The correct answer is A .
• Question 856: Which of the following types of occupation involues services that can be referred to as auxiliaries trade? Options:
  A) Constructive occupation
  B) Manufacturing occupation
  C) Industrial occupation
  D) Commercial occupation
  Show Answer
  The correct answer is D .
• Question 857:

  A country's visible balance of payment is made up of

  Options:
  A) interest on loans to foreign countries
  B) profit from investment abroad
  C) earnings from goods exported
  D) dividend earned from companies
  Show Answer
  The correct answer is C .
• Question 858: The physical component of a computer system is Options:
  A) software
  B) hardware
  C) hard disk
  D) floppy disk
  Show Answer
  The correct answer is B .
• Question 859:

  The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is

  Options:
  A) indemnity
  B) contribution
  C) proximate cause
  D) uberrimae fidei
  Show Answer
  The correct answer is B .
• Question 860: Computers that process all data as binary zeros and ones are Options:
  A) analog computers
  B) digital computers
  C) hybrid computers
  D) desktop computers
  Show Answer
  The correct answer is B .