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 1371: Which of the following makes other functions of business its appendages? Options:
  A) production
  B) marketing
  C) finance
  D) personnel
  Show Answer
  The correct answer is B .
• Question 1372: Which of the following is NOT a function of the stock exchange market? Options:
  A) providing long term loans to large scale enterprises
  B) encouraging people to buy shares and thereby providing capital for investment
  C) providing means of assessing the value of a firm's assets
  D) enabling firms to wind-up quickly in times of difficulties
  Show Answer
  The correct answer is D .
• Question 1373:

  Transportation, retailing and wholesaling industries rely heavily on?

  Options:
  A) banking
  B) insurance
  C) manufacturing
  D) railway
  Show Answer
  The correct answer is C .
• Question 1374: Coverage against unexpected events is called? Options:
  A) insurance
  B) assurance
  C) warranty
  D) reinsurance
  Show Answer
  The correct answer is A .
• Question 1375: In Nigeria, the ministry in charge of registering trade associations is that of? Options:
  A) industries
  B) commerce
  C) culture and tourism
  D) finance
  Show Answer
  The correct answer is B .
• Question 1376: The body regulating the sale and purchase of shares in Nigeria is the Options:
  A) Corporate affair commission
  B) Securities and exchange commission
  C) Securities and exchange tribunal
  D) Nigerian stock exchange
  Show Answer
  The correct answer is B .
• Question 1377:

  Departmentalization is an aspect of

  Options:
  A) directing
  B) organizing
  C) planning
  D) controlling
  Show Answer
  The correct answer is B .
• Question 1378: A Major funtion of commerce is to Options:
  A) facilitiate human satisfaction through exchange
  B) eliminate trade barriers
  C) provide raw materials for manufacturers
  D) influence government policies
  Show Answer
  The correct answer is A .
• Question 1379:

  The communication aspect of the marketing mix is

  Options:
  A) Price
  B) Promotion
  C) Place
  D) Product
  Show Answer
  The correct answer is B .
• Question 1380: One type of investment that have a variable income is Options:
  A) debentures
  B) preferred shares
  C) government bonds
  D) ordinary shares
  Show Answer
  The correct answer is D .