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 1111: A chamber of commerce is an association made up of Options:
  A) enterpreneurs
  B) manufacturers
  C) merchants
  D) importers
  Show Answer
  The correct answer is A .
• Question 1112: Which of the following countries are members of the lake Chad Basin Commission? Options:
  A) Niger and Cameroun
  B) Benin and Nigeria
  C) Chad and Benin
  D) Nigeria and Mali
  Show Answer
  The correct answer is A .
• Question 1113: The temporary insurance certificate issued to the insured before drawing up a policy is a? Options:
  A) cover note
  B) testimonial
  C) time policy
  D) proposal form
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  The correct answer is A .
• Question 1114: Which of the following best described the scope of commerce Options:
  A) All forms of commercial exchanges relating to industry
  B) Buying and selling and the construction industry
  C) All occupational exchanges relating to industries and commercial activities
  D) Buying and selling as well as the extraction of natural resources
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  The correct answer is C .
• Question 1115:

  Communication process involves the transmission of a message over a selected channel to the

  Options:
  A) encoder
  B) receiver
  C) audience
  D) sender
  Show Answer
  The correct answer is B .
• Question 1116: One of the functions of NACCIMA is? Options:
  A) negotiating with labour unions in matters of wages and conditions of service
  B) pooling of members' resources for long-term investment
  C) disseminating information to members on matters relating to tariffs
  D) ensuring uniformity in labour matters and industrial relations
  Show Answer
  The correct answer is D .
• Question 1117:

  All activities that contribute towards making goods and services available to the people are

  Options:
  A) Economic activities
  B) Political activities
  C) Productive activities
  D) Business activities
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  The correct answer is C .
• Question 1118: A chain store usually combines the features of? Options:
  A) mulitiple shops and departmental stores
  B) hypermarkets and stalls
  C) multiple shops and hypermarkets
  D) mail order business and multiple stops
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  The correct answer is A .
• Question 1119:

  The assembling of Manufactured products into forms usable by humans is classified as

  Options:
  A) Extraction occupation
  B) Construction occupation
  C) Manufacturing occupation
  D) Industrial occupation
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  The correct answer is B .
• Question 1120:

  The communication aspect of the marketing mix is

  Options:
  A) Price
  B) Promotion
  C) Place
  D) Product
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  The correct answer is B .