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 1021:

  The art of soap making is an example of

  Options:
  A) tertiary occupation
  B) construction occupation
  C) primary occupation
  D) secondary occupation
  Show Answer
  The correct answer is D .
• Question 1022: A wholesaler who possesses the title of goods he sells is known as? Options:
  A) a merchant wholesaler
  B) a multiple wholesaler
  C) a general wholesaler
  D) an agent wholesaler
  Show Answer
  The correct answer is A .
• Question 1023: A communication process providing information for decision-making in an organization is the? Options:
  A) Management information System
  B) Transmission Control Protocol
  C) Information Retrieval System
  D) File Transfer Protocol
  Show Answer
  The correct answer is C .
• Question 1024:

  The maximum number of shareholders in a public liability company is

  Options:
  A) One hundred
  B) Unlimited
  C) Fifty
  D) Twenty
  Show Answer
  The correct answer is B .
• Question 1025: Extractive industries may also be denominated as Options:
  A) direct industries
  B) servicing industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .
• Question 1026: A demonstration of social responsibility by a business is the payment of _______ Options:
  A) taxes to government
  B) dividends to shareholder
  C) interest on loans
  D) premium on insurance
  Show Answer
  The correct answer is A .
• Question 1027: In Nigeria, the main source of pollution is? Options:
  A) domestic waste
  B) oganic waste
  C) gas flaring
  D) industral waste
  Show Answer
  The correct answer is D .
• Question 1028:

  The basic characteristics of co-operative society include all except one

  Options:
  A) It is managed democratically
  B) It follows the principle of one man
  C) Amateur Management
  D) Extra capital is raised through loan
  Show Answer
  The correct answer is C .
• Question 1029:

  A paid presentation about a product with a view to encouraging purchases by an identifiable sponsor is

  Options:
  A) publicity
  B) personal selling
  C) sales promotion
  D) advertisement
  Show Answer
  The correct answer is D .
• Question 1030: The most effective type of advertising for branded products is Options:
  A) mass advertising
  B) persuasive advertising
  C) informative advertising
  D) competitive advertising
  Show Answer
  The correct answer is C .