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: One advantage of personal selling over all other elements of promotion is that Options:
  A) it can provide instant feedback
  B) it is very cheap in terms of cost per contact
  C) it does not need to use mass media
  D) sales people are wewll trained
  Show Answer
  The correct answer is A .
• Question 2:

  Chibuzor agreed to make a dress for Hauwa with September 20, 1995 as the delivery date, if the dress was not ready on that date, Hauwa could

  Options:
  A) sue chibuzor for specific performance
  B) seize another gown from chibuzor's shop
  C) regard the contract between then as terminated
  D) sue chibuzor for damage
  Show Answer
  The correct answer is A .
• Question 3: When an employee incurs expenses while executing his normal duty, the employer is responsible for his? Options:
  A) safety
  B) family's security
  C) family's welfare
  D) ìdemnification
  Show Answer
  The correct answer is D .
• Question 4: The major source of income to commercial banks is? Options:
  A) tourism
  B) banking
  C) communication
  D) transportation
  Show Answer
  The correct answer is C .
• Question 5: The cheapest source of funds available to a company is through? Options:
  A) the sale of shares
  B) retained profits
  C) the sale of bonds
  D) lease financing
  Show Answer
  The correct answer is B .
• Question 6:

  An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

  Options:
  A) Telephone
  B) Telegram
  C) Telex
  D) NITEL
  Show Answer
  The correct answer is B .
• Question 7: A major factor hindering effective communication process is? Options:
  A) climate condition
  B) social unrest
  C) distance
  D) noise
  Show Answer
  The correct answer is D .
• Question 8: Billboards and posters are forms of? Options:
  A) electronic media
  B) print media
  C) outdoor media
  D) window display media
  Show Answer
  The correct answer is C .
• Question 9: The main objective of a trade association is to Options:
  A) protect its members against litigation
  B) boost the trade of its members
  C) secure credit for its members
  D) protect its members against victimization
  Show Answer
  The correct answer is D .
• Question 10: The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __ Options:
  A) Stroke
  B) Consumerism
  C) Picketing
  D) Demonstration
  Show Answer
  The correct answer is B .