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 1181: Hire purchase is beneficial to the seller because? Options:
  A) it enhances his living standard
  B) it increases his turnover
  C) people pay instalmentally
  D) of the patronage he enjoys
  Show Answer
  The correct answer is B .
• Question 1182: The most effective nut limited medium of advertising in Nigeria is? Options:
  A) billboard
  B) television
  C) newspaper
  D) radio
  Show Answer
  The correct answer is A .
• Question 1183: A bill of exchange already accepted can be discounted by the holder in ______? Options:
  A) the central bank
  B) at least two banks
  C) his bank
  D) any bank
  Show Answer
  The correct answer is D .
• Question 1184: The balance of payments of countries is Options:
  A) a record of imports and export
  B) a systematic record of transaction among countries at a given time
  C) the current and the capital accounts and their payments
  D) the trade relationships and payment among nations
  Show Answer
  The correct answer is A .
• Question 1185: The sustainable growth of commerce is largely due to? Options:
  A) marketing
  B) advertising
  C) exchange
  D) branding
  Show Answer
  The correct answer is B .
• Question 1186: The slogan, a wonderful world, used by a communication network is a form of? Options:
  A) product differentiation
  B) persuasive advertising
  C) publicity
  D) packaging
  Show Answer
  The correct answer is B .
• Question 1187: An important principle of a good organization structure is Options:
  A) ideal standard
  B) span control
  C) clarity of mission
  D) adequacy resources
  Show Answer
  The correct answer is B .
• Question 1188: Assurance is different from insurance in that the former is based on Options:
  A) probability
  B) possibility
  C) risk
  D) uncertainty
  Show Answer
  The correct answer is B .
• Question 1189:

  The payment made periodically in respect of an insurance policy entered into is known as

  Options:
  A) surrender
  B) bond
  C) premium
  D) commission
  Show Answer
  The correct answer is C .
• Question 1190: In an organization, civic consideration arises from? Options:
  A) the profit derived from the enviroment
  B) its operations witthin the environment
  C) irs social negative impacts on the community
  D) the fact that it is registered in that locality
  Show Answer
  The correct answer is B .