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 1281: Unresolved disputes between the employer and employees are usually referred to the? Options:
  A) code of conduct bureau
  B) personnel unit
  C) disciplinary committee
  D) industrial arbitration tribunal
  Show Answer
  The correct answer is D .
• Question 1282: Any activity directed at conveying commodities to buyers is an aspect _________ Options:
  A) selling
  B) delivering
  C) advertising
  D) marketing
  Show Answer
  The correct answer is B .
• Question 1283:

  Communication process involves the transmission of a message over a selected channel to the

  Options:
  A) encoder
  B) receiver
  C) audience
  D) sender
  Show Answer
  The correct answer is B .
• Question 1284:

  One of the functions of commerical banks that cannot be performed by central banks is

  Options:
  A) collection of old notes
  B) collection of deposits from the public
  C) issuance of treasury bills
  D) printing of bank notes
  Show Answer
  The correct answer is B .
• Question 1285: The letters E and OE stands for __________? Options:
  A) Errors of exception
  B) Errors and omissions excepted
  C) Estimated and order error
  D) End of error
  Show Answer
  The correct answer is B .
• Question 1286:

  Privatization is

  Options:
  A) Transfer of ownership from individual to government
  B) Transfer of ownership from government to stakeholders
  C) Transfer of ownership from government to individuals
  D) Government taking charge of all businesses
  Show Answer
  The correct answer is C .
• Question 1287:

  Which of the following groups would advocate for the supply of constant electricity to households?

  Options:
  A) Consumer's association
  B) Credit union
  C) Employer's association
  D) Labour union
  Show Answer
  The correct answer is A .
• Question 1288:

  The difference between the buying price and the selling price of a share is referred to as

  Options:
  A) Commission
  B) Profit
  C) Jobber's Profit
  D) Turnover
  Show Answer
  The correct answer is C .
• Question 1289:

  The headquarters of Niger Basin Commission is located at________

  Options:
  A) Abuja
  B) Niamey
  C) Lome
  D) Nojamena
  Show Answer
  The correct answer is B .
• Question 1290:

  Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by

  Options:
  A) bankruptcy
  B) breach
  C) lapse of time
  D) frustration
  Show Answer
  The correct answer is D .