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 101: The controllable variables that a firm uses to achieve its marketing objectives are called? Options:
  A) marketing principles
  B) marketing mix
  C) marketing concepts
  D) marketing functions
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  The correct answer is C .
• Question 102: In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as? Options:
  A) counter trade
  B) balance of trade
  C) balance of payments
  D) terms of trade
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  The correct answer is A .
• Question 103: The two main forms of communication are Options:
  A) oral and written
  B) verbal and non-verbal
  C) e-mail and fax
  D) traditional and modern media
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  The correct answer is B .
• Question 104: The sole legal right held by the author to publish his book is Options:
  A) trademark
  B) copyright
  C) patent right
  D) bookmark
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  The correct answer is B .
• Question 105: The physical component of a computer system is Options:
  A) software
  B) hardware
  C) hard disk
  D) floppy disk
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  The correct answer is B .
• Question 106:

  The risks that can be forecast and measured is termed___________

  Options:
  A) Gambling
  B) Insurable risks
  C) Non-Insurable risks
  D) Indenmity Insurance
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  The correct answer is B .
• Question 107: A businessman who undertakes the hull insurance policy is aiming at? Options:
  A) conerting losses on damages to the cargo
  B) protcting injured crew in the ship
  C) averting payment of the freight
  D) covering damages to the body of the ship
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  The correct answer is A .
• Question 108: A form of money that has gone out of use is? Options:
  A) paper money
  B) bank money
  C) commodity money
  D) foreign money
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  The correct answer is C .
• Question 109: One of the major disadvantages of pipeline transportation is its? Options:
  A) high cost of construction
  B) limitation in scope
  C) vulnerability to climate changes
  D) high maintainance cost
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  The correct answer is A .
• Question 110:

  The macro-environmental forces and trends which are a constraint on business operations are referred to as

  Options:
  A) internal factors
  B) external factors
  C) economic factors
  D) technical factors
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  The correct answer is C .