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 1071: The function of commerce in relation to production is ______ Options:
  A) helping in the extraction of raw material from nature
  B) providing a link between the different stage of conversion of good
  C) yielding result
  D) satisfying
  Show Answer
  The correct answer is D .
• Question 1072: Which of the following are forms of sales promotion? Options:
  A) advertising, personal selling and publicity
  B) advertising, market skimming and publicity
  C) personal selling, packaging and publicity
  D) advertising, packaging and publicity
  Show Answer
  The correct answer is A .
• Question 1073: In the permanent storage device, DASD means Options:
  A) Data Access Systems Device
  B) Direct Access Systems Device
  C) Data Access Storage Device
  D) Direct Access Storage Device
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  The correct answer is C .
• Question 1074: The type of activity which turns processed raw materials into consumer and industrial goods is described as Options:
  A) extractive
  B) manufacturing
  C) constructive
  D) processing
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  The correct answer is B .
• Question 1075: The difference between trademark and patent right is that the latter? Options:
  A) gives exclusive right to import a particular good
  B) is conferred by the government
  C) confers monopoly on a product
  D) confers exclusive right to publish literary works
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  The correct answer is C .
• Question 1076: The most important advantage of privatization is the enhancement of? Options:
  A) liquidity
  B) accountantability
  C) profitability
  D) efficiency
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  The correct answer is D .
• Question 1077: Who is the offeree in this contract ? Options:
  A) Musa
  B) Audu
  C) Adamu
  D) Jacob
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  The correct answer is C .
• Question 1078:

  Booklets containing a range of products, their uses and prices are called

  Options:
  A) Posters
  B) Handbill
  C) Catalogues
  D) Price Journal
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  The correct answer is C .
• Question 1079: Trading position of Nigeria is the same as her Options:
  A) desire to trade with many countries
  B) willingness to grant grant credit to foreigners
  C) balance of trade
  D) terms of trade
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  The correct answer is A .
• Question 1080: The existing system of government and the administrative sub-division of a country which affect the operation of business in the country is described as Options:
  A) economic environment
  B) legal environment
  C) polictical environment
  D) social environment
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  The correct answer is C .