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 1251: The conversion of raw material into finished products creates Options:
  A) Marginal utility
  B) Place utility
  C) form utility
  D) time utility
  Show Answer
  The correct answer is C .
• Question 1252: Berne union is also known as Options:
  A) International Credit Union
  B) International Documentry Credit
  C) International Union of Credit and Investment Insurers
  D) export Credit Guarantee Scheme
  Show Answer
  The correct answer is C .
• Question 1253:

  An author's exclusive right to his published and unpublished works is known as

  Options:
  A) constitutional right
  B) author's right
  C) copyright
  D) patent right
  Show Answer
  The correct answer is C .
• Question 1254:

  The instruments of credit include

  Options:
  A) billboards and postal stamps
  B) payment vouchers and statement of account
  C) bills of exchange and salary voucher
  D) bills of exchange and promissory notes
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  The correct answer is D .
• Question 1255:

  The provision of services is classified under

  Options:
  A) batch production
  B) flow production
  C) secondary production
  D) tertiary production
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  The correct answer is D .
• Question 1256: The share capital value that forms part of the balance sheet total is the Options:
  A) paid-up share capital
  B) called-up share capital
  C) authorized share capital
  D) issued share capital
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  The correct answer is A .
• Question 1257: A computer component that decodes and interprets instructions and also directs program implementation is? Options:
  A) memory unit
  B) central processing unit
  C) control unit
  D) system unit
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  The correct answer is B .
• Question 1258:

  The agency in Nigeria which ensures that products conform with government quality specifications is the?

  Options:
  A) standard organisation of Nigeria
  B) Nigeria consumer association
  C) manufacturers association of Nigeria
  D) Nigeria chambers of commerce
  Show Answer
  The correct answer is A .
• Question 1259: The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the? Options:
  A) television
  B) telephone
  C) telegraph
  D) radio
  Show Answer
  The correct answer is C .
• Question 1260: Which of the following are forms of sales promotion? Options:
  A) advertising, personal selling and publicity
  B) advertising, market skimming and publicity
  C) personal selling, packaging and publicity
  D) advertising, packaging and publicity
  Show Answer
  The correct answer is A .