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: The practice whereby soft drink manufacturers give away caps, bags and other items when consumers buy their product is a form of Options:
  A) marketing strategies
  B) publicity
  C) advertising
  D) saels promotion
  Show Answer
  The correct answer is D .
• Question 1262: The central focus of commercial activities is? Options:
  A) pricing
  B) advertising
  C) trading
  D) marketing
  Show Answer
  The correct answer is C .
• Question 1263:

  One of these is not a factor affecting prices of securities?

  Options:
  A) The Forces of demand and supply
  B) Activities of speculators
  C) Political situation of a country
  D) Financial statements of the company
  Show Answer
  The correct answer is D .
• Question 1264:

  When does the buyer in a hire purchase becomes the owner of the goods?

  Options:
  A) When all installments have been fully paid
  B) After payment of the first installment
  C) Before the payment of the first installment
  D) When half of the purchased price has been paid
  Show Answer
  The correct answer is A .
• Question 1265: Which of the following legislation aims primarily at the protection of consumers? Options:
  A) Law of contract
  B) Trade description Act
  C) Company's Act
  D) Partnership Act
  Show Answer
  The correct answer is B .
• Question 1266: Labour as an input in production can be motivated by Options:
  A) training
  B) profit
  C) remuneration
  D) promotion
  Show Answer
  The correct answer is C .
• Question 1267: A close indent is an instrument to an agent to Options:
  A) order goods from a particular manufacturer
  B) order goods from any manufacturer
  C) sell gods to any firm
  D) sell goods to a certain firm
  Show Answer
  The correct answer is A .
• Question 1268: Which of the middlemen in the channel of distribution has tittle to the goods he distributes? Options:
  A) The merchant wholesaler
  B) The agent
  C) The limited wholersaler
  D) The retailer
  Show Answer
  The correct answer is A .
• Question 1269:

  Charges for loans paid by commercial banks to the Central Bank of Nigeria are called

  Options:
  A) credit charges
  B) interest rates
  C) bank charges
  D) bank rates
  Show Answer
  The correct answer is D .
• Question 1270: An announcement of a person's willingness to enter into a contract is referred to as? Options:
  A) a proxy
  B) an offer
  C) a consideration
  D) an acceptance
  Show Answer
  The correct answer is B .