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: When an oil exploring and mining company builds a health centre in one community where at operates, such a company is Options:
  A) Carrying favour from local people
  B) finding a way to spend excess profit
  C) Fulfilling part of its social responsibility
  D) Investing its idle fund
  Show Answer
  The correct answer is C .
• Question 102: The right of ownership with respect to goods or property is? Options:
  A) right of occupancy
  B) proxy
  C) tittle
  D) certificate of occupancy
  Show Answer
  The correct answer is D .
• Question 103:

  Which of these is not a merit of division of labour

  Options:
  A) results in specialization
  B) brings about an element of automation
  C) Training in new jobs is facilitated
  D) Creates monotony in the work force
  Show Answer
  The correct answer is D .
• Question 104: One of the merits of television as a medium of of advertising is that it? Options:
  A) is prone to censorship
  B) is relatively cheap
  C) has more sensory stimulation
  D) has more network coverage
  Show Answer
  The correct answer is C .
• Question 105: The rewards of rents, wages, interests and profits accrue from? Options:
  A) capital, labour, land and enterpreneur respectively
  B) land, enterpreneur,labour and capital respectively
  C) land, lbour, capital and enterpreneur respectively
  D) labour, enterpreneur, land and capital respectively
  Show Answer
  The correct answer is C .
• Question 106: Which of the following is used as pricing policy? Options:
  A) labelling
  B) packaging
  C) market selection
  D) market skimming
  Show Answer
  The correct answer is D .
• Question 107: Mrs Jones who lives in the riverine community of Rivers State makes her living through crabbing and fishing . This type of occupation she is in is Options:
  A) commercial
  B) manufacturing
  C) service
  D) extractive
  Show Answer
  The correct answer is D .
• Question 108: A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a? Options:
  A) public liability company
  B) joint venture company
  C) limited company
  D) registered company
  Show Answer
  The correct answer is D .
• Question 109: The major factors that facilitate merchandising are Options:
  A) commuincation , advertising and banking
  B) trading, warehousing and production
  C) management, insurance, and advertising
  D) banking, insurance and transportation
  Show Answer
  The correct answer is D .
• Question 110: Primary production is associated with? Options:
  A) banking
  B) manufacturing
  C) agriculture
  D) construction
  Show Answer
  The correct answer is C .