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 121: The use of computer in modern banking industry is a reflection of Options:
  A) competitive development
  B) scientific development
  C) economic development
  D) technological development
  Show Answer
  The correct answer is D .
• Question 122: A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it Options:
  A) serves as a mechanism for evaluating an unrealistic exchange rate for the naira
  B) creates unhealthy competition amongst users of foreign exchange
  C) contributes to destabilizing national resource allocation
  D) contributes to flooding the market with foreign essential commodities
  Show Answer
  The correct answer is B .
• Question 123:

  An offer extended to several people at once is called

  Options:
  A) Acceptance
  B) Offeror
  C) Invitation to threat
  D) Consideration
  Show Answer
  The correct answer is C .
• Question 124: Balance of payment problems arise if a country's? Options:
  A) exports is more than imports
  B) imports is more than exports
  C) currency devaluation
  D) invisible exports is more than visible exports
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  The correct answer is B .
• Question 125: The characteristics which ensures that money is free from forgery is its? Options:
  A) legality
  B) durability
  C) recongnition
  D) credibility
  Show Answer
  The correct answer is A .
• Question 126: A machine which enable s sales without the physical presence of a sales attendant is a Options:
  A) computer machine
  B) vending machine
  C) telex machine
  D) fax machine
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  The correct answer is B .
• Question 127: Which of the following is a characteristic of a bearer cheque Options:
  A) it is made with transverse lines
  B) it is made payable to whoever presents it
  C) it is made without transverse lines
  D) it is only payable into the payees account
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  The correct answer is B .
• Question 128: A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as? Options:
  A) selection
  B) strategy
  C) structure
  D) synergy
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  The correct answer is C .
• Question 129:

  The provision of qualified managerial and other skilled personnel for an enterprise is called

  Options:
  A) Directing
  B) Controlling
  C) Planning
  D) Staffing
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  The correct answer is D .
• Question 130: Personal selling is used for the purpose of? Options:
  A) establishing the company
  B) providing information
  C) creating product awareness
  D) given financial assistance
  Show Answer
  The correct answer is C .