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 961: A direct service is rendered by Options:
  A) State counsels
  B) Civil servants
  C) Police
  D) Family doctor
  Show Answer
  The correct answer is D .
• Question 962:

  Which is the fastes means of transportation?

  Options:
  A) road
  B) air
  C) rail
  D) water
  Show Answer
  The correct answer is B .
• Question 963: One major disadvantage of a cartel is that it Options:
  A) maximizes productive efficiency
  B) brings the merging firms under control
  C) maximizes profit from operation
  D) eliminate competitions and waste
  Show Answer
  The correct answer is D .
• Question 964: The major objective of corporate mergers is to Options:
  A) minimize the effects of taxation
  B) increase financial advantage
  C) faclitate profit maximization
  D) enhance economies of scale
  Show Answer
  The correct answer is D .
• Question 965: Tourists with no fixed address in a town may receive their letters from the post office through a Options:
  A) recorded delivery
  B) poste restante
  C) parcel post
  D) postmaster
  Show Answer
  The correct answer is B .
• Question 966: A person who undertakes life insurance is said to be an Options:
  A) insurer
  B) assurer
  C) assured
  D) insured
  Show Answer
  The correct answer is D .
• Question 967: Factoring is a trade debt term used when the agent buys all the trade debts of the Options:
  A) importers
  B) exporters
  C) nation
  D) customers
  Show Answer
  The correct answer is B .
• Question 968:

  The process of buying, selling and distribution of goods and services is

  Options:
  A) marketing concept
  B) marketing
  C) retail trade
  D) commerce
  Show Answer
  The correct answer is D .
• Question 969:

  The four P's of marketing are also known as

  Options:
  A) marketing mix
  B) product mix
  C) promotion mix
  D) advertising mix
  Show Answer
  The correct answer is A .
• Question 970: The promotion of savings culture is a feature of a? Options:
  A) trade association
  B) consumers' cooperative society
  C) thirft cooperative society
  D) business association
  Show Answer
  The correct answer is C .