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 1101: The line function in a typical manufacturing enterprise is normally performed by the Options:
  A) public relations department
  B) estate or properties department
  C) marketing department
  D) legal department
  Show Answer
  The correct answer is C .
• Question 1102: The development of commerce resulted from? Options:
  A) trading
  B) competition
  C) importation
  D) specialization
  Show Answer
  The correct answer is A .
• Question 1103: An example of a consumer protection agency is the? Options:
  A) Nigeria Bar association
  B) Nigeria Medical Association
  C) Ferderal Environmental Protection Agency
  D) Manufacturers Association of Nigeria
  Show Answer
  The correct answer is C .
• Question 1104: 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
  Show Answer
  The correct answer is C .
• Question 1105:

  Use the following information to answer this question.

  Oladosu Bookshop

  54, Ahmadu Bello Way

  Kaduna

  P.O.BOOX 336

  6 January 1989

  Olu Stationery ltd

  17, Kakawa Street

  Lagos

  Dear Sir,

  We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.

  Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.

  Yours Faithfully

  Manager.

  From the question above, the document the firm or organization will send to the buyer is

  Options:
  A) Delivery notes
  B) Advice notes
  C) An order form
  D) Quotations
  Show Answer
  The correct answer is D .
• Question 1106:

  Which of the following functions is not performed by warehousing?

  Options:
  A) Stabilization of price
  B) production ahead of demand
  C) creating scarcity of goods
  D) storage of goods
  Show Answer
  The correct answer is C .
• Question 1107: An example of a computer operating system is? Options:
  A) the Pagemaker
  B) the Word Perfect
  C) Microsoft Word 2000
  D) Windows 2000
  Show Answer
  The correct answer is D .
• Question 1108: Securities on which the buyers are not issued with certificate are called? Options:
  A) authorized securities
  B) inscribed securities
  C) bearer securities
  D) registered securities
  Show Answer
  The correct answer is B .
• Question 1109: The practice of assessing employees for payment or advancement according to their observed achievement is called Options:
  A) employee ranking
  B) merit rating
  C) job grading
  D) employee education
  Show Answer
  The correct answer is C .
• Question 1110:

  The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

  Options:
  A) The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be
  B) Aviation Insurance
  C) Marine Insurance
  D) Life Assurance
  Show Answer
  The correct answer is C .