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 1221: The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a Options:
  A) improved exchange
  B) enhanced trade
  C) enhance development
  D) improved relations
  Show Answer
  The correct answer is B .
• Question 1222: When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is Options:
  A) currying favour from local people
  B) finding a way to spend resonsibility
  C) fulfilling part of its social responsibilty
  D) invest its idle funds
  Show Answer
  The correct answer is C .
• Question 1223: The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is? Options:
  A) demographic evironment
  B) economic evironment
  C) cultural environment
  D) natural environment
  Show Answer
  The correct answer is A .
• Question 1224: Which of the following involves foreign trade ? Options:
  A) supermarket
  B) Chain stores
  C) Departmental stores
  D) commodity markets
  Show Answer
  The correct answer is D .
• Question 1225: Determine the company's reserve share capital? Options:
  A) N2500 000
  B) N1000 000
  C) N1500 000
  D) N2000 000
  Show Answer
  The correct answer is B .
• Question 1226: The harmonious relationship among the various units in an organization is ensured through Options:
  A) co-ordination
  B) motivation
  C) planning
  D) leadership
  Show Answer
  The correct answer is D .
• Question 1227:
  

  10% IS CHARGED ON DEPRECIATION OF FIXED ASSETS

  Determine the value of Ojo's fixed assets

  Options:
  A) N 14450
  B) N13450
  C) N13005
  D) N12005
  Show Answer
  The correct answer is A .
• Question 1228:

   The first known legislation to protect consumer rights in Nigeria is the? 

  Options:
  A) usury laws
  B) sale of goods act
  C) hire purchase act
  D) food and drugs act
  Show Answer
  The correct answer is B .
• Question 1229: The development of commercial activities in Nigeria was facilitated largely by Options:
  A) a good transport system
  B) the indigenization decree
  C) a convenient medium of exchange
  D) a high level of production
  Show Answer
  The correct answer is C .
• Question 1230: A business that focuses attention on the quality of the goods produced by precisely knowing what the consumers desire is said to be operation the Options:
  A) product mix
  B) promotion mix
  C) marketing concept
  D) product orientation.
  Show Answer
  The correct answer is C .