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:

  One of the products of the construction industry is a

  Options:
  A) piece of cloth
  B) bag of cement
  C) television
  D) chair
  Show Answer
  The correct answer is B .
• Question 1262: Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because Options:
  A) ownership was transfered on completeion of installment
  B) ownership was transfered on delivery
  C) Yahaya could not pass title to a third party
  D) Ali was still indebted to Yahaya
  Show Answer
  The correct answer is B .
• Question 1263: The process of dividing task into jobs and departments and of delegating authority is known as? Options:
  A) staffing
  B) leading
  C) directing
  D) organizing
  Show Answer
  The correct answer is D .
• Question 1264:

  A market is said to be bullish if_________

  Options:
  A) There is a fail in prices of Securities
  B) There is a rise in prices of Securities
  C) There is a rise above the offer prices
  D) The speculator fails to deliver stock to the buyer
  Show Answer
  The correct answer is B .
• Question 1265:

  The main objective of a trade association is to

  Options:
  A) protect its members against litigation
  B) protect its members against victimization
  C) boost the trade of its members
  D) secure credit for its members
  Show Answer
  The correct answer is B .
• Question 1266: One of the factors which critically determines the choice of occupation is Options:
  A) traning
  B) skills
  C) aptitude
  D) interest
  Show Answer
  The correct answer is B .
• Question 1267:

  The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is

  Options:
  A) indemnity
  B) contribution
  C) proximate cause
  D) uberrimae fidei
  Show Answer
  The correct answer is B .
• Question 1268: A major factor hindering effective communication process is? Options:
  A) climate condition
  B) social unrest
  C) distance
  D) noise
  Show Answer
  The correct answer is D .
• Question 1269: A pro forma invoice is NOT required when Options:
  A) quoting for the supply of goods
  B) goods are sent on approval
  C) dealing regularly with a customer
  D) final prices are uncertain
  Show Answer
  The correct answer is C .
• Question 1270: Commercialization of government corporations brings about an increase in the level of? Options:
  A) money supply in the economy
  B) distrust among business operators
  C) competition among business operators
  D) social responsibility
  Show Answer
  The correct answer is C .