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 1121: Proper disposal of waste by business firms is one way of discharging their? Options:
  A) responsibility to government
  B) environmental responsibility
  C) community responsibility
  D) responsibility to customers
  Show Answer
  The correct answer is B .
• Question 1122: In order to prevent Liquidity in commercial banks, the central banks uses? Options:
  A) moral suasion
  B) fiscal policy
  C) reserve ratio
  D) taxation
  Show Answer
  The correct answer is C .
• Question 1123:

  When a company insures the lives of all its employees collectively, the policy is

  Options:
  A) accident insurance
  B) fleet insurance
  C) fidelity guarantee insurance
  D) group insurance
  Show Answer
  The correct answer is D .
• Question 1124:

  A distinctive advantage of GSM is its

  Options:
  A) cost
  B) stability
  C) coverage
  D) mobility
  Show Answer
  The correct answer is D .
• Question 1125: Inbound tourism occurs when Options:
  A) non-resident s of a country travel within it.
  B) non- resident of a country travel to other countries
  C) resident of a country travel within it
  D) Residents of a country travel to other countries.
  Show Answer
  The correct answer is C .
• Question 1126: One of the major benefits of commerce to government is to Options:
  A) improve the standard of living
  B) generate revenue for growth and development
  C) encourage cooperation among public organisations
  D) encourage the development of socio-cultural values
  Show Answer
  The correct answer is B .
• Question 1127: The efficiency of an organization is enhanced by? Options:
  A) government assistance
  B) the host community
  C) customer support
  D) skilled manpower
  Show Answer
  The correct answer is D .
• Question 1128: An objective of the farmers' association is to? Options:
  A) ensure that the prices of goods are fair and reasonable
  B) correct the imbalance between consumers and producers
  C) improve the methods of selling and advertising
  D) provide a stable market outlet for farm inputs
  Show Answer
  The correct answer is A .
• Question 1129: The reduction of import duties among the members countries of ECOWAS is an example of Options:
  A) preference duties
  B) preferential treatment
  C) preferential tariff
  D) preferential excise
  Show Answer
  The correct answer is C .
• Question 1130: The limit of functions, activities and personnel that a supervisor can effectively manage in a business organization is? Options:
  A) span of control
  B) delegation of authority
  C) chain of command
  D) authority and rsesponsibility
  Show Answer
  The correct answer is C .