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 1301: The bank that discount bills of exchange is the? Options:
  A) central bank
  B) mortage bank
  C) development bank
  D) comercial bank
  Show Answer
  The correct answer is D .
• Question 1302:

  The provision of services is classified under

  Options:
  A) batch production
  B) flow production
  C) secondary production
  D) tertiary production
  Show Answer
  The correct answer is D .
• Question 1303:

  Which of the following is a verbal means of communication

  Options:
  A) Telephone
  B) Express mail
  C) Business reply services
  D) Telex
  Show Answer
  The correct answer is A .
• Question 1304:

  The safe keeping of goods produced until they are needed is

  Options:
  A) hoarding
  B) marketing
  C) packaging
  D) warehousing
  Show Answer
  The correct answer is D .
• Question 1305: An underlined principle in the marketing of goods is that firms should Options:
  A) Train their personnel
  B) be consumers oriented
  C) advertise the goods
  D) sell through outlets
  Show Answer
  The correct answer is B .
• Question 1306:

  A disadvantage of personal selling is that it

  Options:
  A) Increase a company’s number of customers
  B) Reduces a company area of patronage
  C) Increases a company’s operating costs
  D) Decreases a company’s operating costs
  Show Answer
  The correct answer is C .
• Question 1307: Which of the statements below is true of Mr Abayomi? Options:
  A) He can assign his shares to another without consent of other partners
  B) He cannot take part in the management of the business
  C) His actions as a limited partner can bind the firm
  D) His death will automatically dissolve partnership
  Show Answer
  The correct answer is C .
• Question 1308: The Nigerian Telecommunications Limited is a? Options:
  A) jointly owned company
  B) public corpoation
  C) privately owned company
  D) public company
  Show Answer
  The correct answer is B .
• Question 1309:

  A contract will not be discharge through

  Options:
  A) acceptance
  B) agreement
  C) breach
  D) performance
  Show Answer
  The correct answer is A .
• Question 1310: The focal point of marketing is? Options:
  A) the competitior
  B) the buyer
  C) profit-making
  D) sales
  Show Answer
  The correct answer is D .