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:

  

  Use the document below to answer the question.

  Okon Etim Esin is the

  Options:
  A) debtor
  B) creditor
  C) exporter
  D) importer
  Show Answer
  The correct answer is B .
• Question 1212: The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through? Options:
  A) public relations
  B) advertising
  C) sales promotion
  D) rebranding
  Show Answer
  The correct answer is A .
• Question 1213: A distinguishing characteristic of labour is that it is Options:
  A) constant
  B) expensive
  C) mobile
  D) cost
  Show Answer
  The correct answer is C .
• Question 1214: Stimulation of demand is a kind of communication in marketing which connotes? Options:
  A) personal selling
  B) sales promotion
  C) advertising
  D) merchandising
  Show Answer
  The correct answer is C .
• Question 1215:

  The progragramme that makes up the operating system in a computer system is called? 

  Options:
  A) system software
  B) micro program
  C) syntax
  D) system flow-chart
  Show Answer
  The correct answer is A .
• Question 1216:

  

  Use the above table to answer this question.

  What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?

  Options:
  A) Indemnity
  B) Insurable interest
  C) Uberrimae fidei
  D) Subrogation
  Show Answer
  The correct answer is C .
• Question 1217:

  The document issued by a public company allowing it to commence business is the

  Options:
  A) Articles of Association
  B) Certificate of Incorporation
  C) Memorandum of Association
  D) Certificate of Trading
  Show Answer
  The correct answer is D .
• Question 1218: Trading on the stock exchange in anticipation of price change in the market value of shares is? Options:
  A) speculation
  B) forecasting
  C) expectation
  D) projection
  Show Answer
  The correct answer is A .
• Question 1219: When one person approves an act previously done by another in the former's name without authority, this is known as? Options:
  A) ratification
  B) estoppel
  C) illegality
  D) misrepresentation
  Show Answer
  The correct answer is B .
• Question 1220: A loan to a customer with a cheque account at a bank in which the account is allowed to go into debit is Options:
  A) overdraft
  B) advance
  C) interest
  D) commission
  Show Answer
  The correct answer is A .