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 1061: A disadvantage of personal selling is that it Options:
  A) increase a company's operating cost
  B) decreases acompany's operating cost
  C) increase a company's number of customers
  D) reduces a company's area of patronage
  Show Answer
  The correct answer is D .
• Question 1062: The transformation of cotton into clothings is an example of Options:
  A) secondary production
  B) tertiary production
  C) primary production
  D) direct production
  Show Answer
  The correct answer is A .
• Question 1063: Entrepreneurship mainly involves? Options:
  A) risk-taking
  B) initiating
  C) skilled manpower
  D) knowledge
  Show Answer
  The correct answer is A .
• Question 1064:

  Nigerian Police Authority

  Options:
  A) Nigerian Police Authority
  B) Nigerian Ports Authority
  C) National Ports Authority
  D) National Police Authority
  Show Answer
  The correct answer is B .
• Question 1065:

  The difference between a chamber of commerce and a trade association is that the former

  Options:
  A) is not restricted to a particular industry
  B) is a branch of trade that sells product
  C) consists of members engaged in the same trade
  D) are association of individuals or firms
  Show Answer
  The correct answer is A .
• Question 1066: The most effective type of advertising for branded product is? Options:
  A) direct advertising
  B) Indirect advertising
  C) informative advertising
  D) competitive advertising
  Show Answer
  The correct answer is D .
• Question 1067: An undertaking given by a person to another assuring his integrity is Options:
  A) proximate cause
  B) fidelity quarantee
  C) subrogation
  D) insurable interest
  Show Answer
  The correct answer is B .
• Question 1068: Which of the is a risk-free security? Options:
  A) Preference share
  B) Ordinary share
  C) Treasury bill
  D) Debenture
  Show Answer
  The correct answer is C .
• Question 1069: 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 .
• Question 1070: The pivot on the wheel of commerce rotates is Options:
  A) tariff
  B) trade
  C) taxation
  D) price
  Show Answer
  The correct answer is B .