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 1: The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a Options:
  A) improved exchange
  B) enhanced trade
  C) enhance development
  D) improved relations
  Show Answer
  The correct answer is B .
• Question 2: The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the? Options:
  A) television
  B) telephone
  C) telegraph
  D) radio
  Show Answer
  The correct answer is C .
• Question 3:

  One of the functions of a trade association is to

  Options:
  A) pay members salaries
  B) promote members' welfare
  C) provide loans to members
  D) provide employment for members
  Show Answer
  The correct answer is B .
• Question 4: The process of eliminating a virus from a computer program is? Options:
  A) programming
  B) debugging
  C) formating
  D) looping
  Show Answer
  The correct answer is C .
• Question 5: The amount of authorized capital that shareholders have subscribed to is Options:
  A) issued share capital
  B) authorized share capital
  C) owner's equity
  D) working capital
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  The correct answer is B .
• Question 6:

  A document used to ensure correct payment of duty at the importing country is

  Options:
  A) documentary credit
  B) consular invoice
  C) certificate of origin
  D) bill of lading
  Show Answer
  The correct answer is D .
• Question 7: The body charged with the responsibility of regulating foods and drugs in Nigeria is the? Options:
  A) SON
  B) NDLEA
  C) NAFDAC
  D) CAC
  Show Answer
  The correct answer is C .
• Question 8: The act of interpreting ideas within an organization is Options:
  A) motivating
  B) organizing
  C) planning
  D) communicating
  Show Answer
  The correct answer is D .
• Question 9:

  

  The above chart represents the

  Options:
  A) promotion mix relationship
  B) marketing mix relationship
  C) advertising mix relationship relationship
  D) product mix relationship
  Show Answer
  The correct answer is B .
• Question 10: The activities of consumers association in Nigeria have not been effective because Options:
  A) the consumers are too many
  B) the government is not favourabley dispose towards consumerism
  C) there is poor enlightenment about consumer rights
  D) the consumers have no medium for expressing their feelings
  Show Answer
  The correct answer is D .