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 1261: Which of the following items has the shortest effect on the consumer Options:
  A) fashion
  B) innovation
  C) fad
  D) attribute
  Show Answer
  The correct answer is B .
• Question 1262: The most effective nut limited medium of advertising in Nigeria is? Options:
  A) billboard
  B) television
  C) newspaper
  D) radio
  Show Answer
  The correct answer is A .
• Question 1263: An essential factor for evaluating the different sources of funds for a business is the? Options:
  A) decree establishing the business
  B) ownership structure of the business concern
  C) size and the type of the business
  D) burden of cost and repayment
  Show Answer
  The correct answer is B .
• Question 1264: A cheque that has been drawn but not presented for payment can still be honored? Options:
  A) wintin 6 months
  B) after 9 months
  C) within 9 months
  D) after 6 months
  Show Answer
  The correct answer is A .
• Question 1265: Hire purchase is beneficial to the seller because? Options:
  A) it enhances his living standard
  B) it increases his turnover
  C) people pay instalmentally
  D) of the patronage he enjoys
  Show Answer
  The correct answer is B .
• Question 1266: The type of activity which turns processed raw materials into consumer and industrial goods is described as Options:
  A) extractive
  B) manufacturing
  C) constructive
  D) processing
  Show Answer
  The correct answer is B .
• Question 1267: Production ends when goods and services ________ Options:
  A) reach the final consumer
  B) are used for manufacturing
  C) are packaged and labelled
  D) are sold to the middlemen
  Show Answer
  The correct answer is A .
• Question 1268: Computers that process all data as binary zeros and ones are Options:
  A) analog computers
  B) digital computers
  C) hybrid computers
  D) desktop computers
  Show Answer
  The correct answer is B .
• Question 1269:

  NAME	INSURED AMOUNT(₦)	ACTUAL VALUE(₦)	ACTUAL LOSS(₦)
  Mr. P Mr. K Mr. R	25,000 30,000 40,000	100,000 120,000 150,000	30,000 40,000 50,000

  Use the table above to answer questions 27 and 28

  If Mr. P takes a fire insurance policy with average clause, his compensation will be

  Options:
  A) ₦7,500
  B) ₦5,000
  C) ₦70,000
  D) ₦75,000
  Show Answer
  The correct answer is A .
• Question 1270: Which of the following is an example of a conglomerate? Options:
  A) National Electric Power Authority
  B) United Africa Company Nigeria Plc
  C) The Nigeria Railway Corporation
  D) First Bank of Nigeria Plc
  Show Answer
  The correct answer is B .