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 1211: The factor of production that is relatively indestructible and immobile is _______? Options:
  A) capital
  B) labour
  C) land
  D) rent
  Show Answer
  The correct answer is A .
• Question 1212: The main factors that determine the value of a stock on the stock Exchange are dividend and Options:
  A) the psychology of the market
  B) capital gain
  C) capital appreciation
  D) warrant payment
  Show Answer
  The correct answer is C .
• Question 1213: At the collapse of a business enterprise, the person appointed to dispose of all assets is called Options:
  A) a broker
  B) an auctioneer
  C) a liquidator
  D) an auditor
  Show Answer
  The correct answer is C .
• Question 1214: One of the main obstacles of establishing the Niger River Basin Commission was to? Options:
  A) embark on a comprehensive survey of the available water resources
  B) carry research for the development of fresh water fisheries
  C) develop infrastructure to facilitate economic activities
  D) promotes trade among member-state to improve standards of living
  Show Answer
  The correct answer is C .
• Question 1215: The act of a person employing another to enter into a contract on his behalf is known as? Options:
  A) business
  B) sale of goods
  C) bilateral agreement
  D) agency
  Show Answer
  The correct answer is D .
• Question 1216: A Digital Versatile Disk is an example of a Options:
  A) transmission control protocol
  B) microprocessor
  C) file transfer protocol
  D) computer storage device
  Show Answer
  The correct answer is D .
• Question 1217:

  Which of the following are the components ofcommerce?

  I. trading and advertising
  II. warehousing and transportation
  III. packing and branding
  IV. Insurance and banking

  Options:
  A) I and II
  B) I,II and IV
  C) II, III and IV
  D) I and III
  Show Answer
  The correct answer is B .
• Question 1218: The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is? Options:
  A) rejuvenation
  B) focus
  C) diversification
  D) consolidation
  Show Answer
  The correct answer is C .
• Question 1219: When an organization studies a market that is undeserved by others and creates a product or service for the segment, it is engaged in? Options:
  A) market inegration
  B) market positioning
  C) market orchestration
  D) product differentiation
  Show Answer
  The correct answer is D .
• Question 1220: The primary objective of consumer protection laws is to ensure that? Options:
  A) consumers derive maximum satisfaction from goods and services
  B) consumers buy goods and services at cheap rates
  C) manufacturers of goods and services provides overcome internal competition
  D) manufacturers of goods and services provides gets optimum profit
  Show Answer
  The correct answer is A .