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 1191:

  An arrangement by independent firms to share the market of their products on quota basics Is referred to as

  Options:
  A) Cartel
  B) Syndicate
  C) Trust
  D) Integration
  Show Answer
  The correct answer is A .
• Question 1192:

  The central working system of a computer used for data processing is the

  Options:
  A) monitor
  B) floppy disk drive
  C) hard drive
  D) memory unit
  Show Answer
  The correct answer is D .
• Question 1193: Charges for loans paid by commercial banks to the Central Bank of Nigeria are called? Options:
  A) bank rates
  B) credits charges
  C) interest rates
  D) bank charges
  Show Answer
  The correct answer is A .
• Question 1194: The commercialization of public enterprises is aimed at? Options:
  A) increasing efficiency and making the enterprises self-sufficient
  B) advertising and promoting the goods and services of the enterprises
  C) increased assistance and patronage of the enterprises by the public
  D) selling the goods and services of the enterprises
  Show Answer
  The correct answer is A .
• Question 1195:

  The process of eliminating a virus from computer is the

  Options:
  A) programming
  B) formatting
  C) looping
  D) debugging
  Show Answer
  The correct answer is D .
• Question 1196: 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 1197:

  The primary memory component of a computer is the

  Options:
  A) console
  B) cache
  C) compliers
  D) assemblers
  Show Answer
  The correct answer is B .
• Question 1198: The document that indicate instant payment of cash for goods whenever the are delivered is Options:
  A) credit note
  B) proforma invoice
  C) debit note
  D) statement of account
  Show Answer
  The correct answer is D .
• Question 1199:

  One of the functions of the Nigeria Ports Authority is the provision of

  Options:
  A) carrier services to ensure speedy delivery
  B) facilities to enhance the speedy loading and offloading of cargoes
  C) facilities to ensure that goods get to the destinations
  D) shelter for operators of cargoes
  Show Answer
  The correct answer is B .
• Question 1200: The Nigeria Stock Exchange consist of ______ Options:
  A) primary and secondary-tier market
  B) secondary and primary market
  C) money and commodities market
  D) commercial and mortgage market
  Show Answer
  The correct answer is B .