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 11: Part payments made on allotted shares by subscribers is usually the Options:
  A) subscribed capital
  B) authorized capital
  C) issued capital
  D) called-up capital
  Show Answer
  The correct answer is D .
• Question 12:

  The commission on a postal order is

  Options:
  A) postal zero
  B) postal orders
  C) poundage
  D) brokage
  Show Answer
  The correct answer is C .
• Question 13:

  Thee major aim of consumer orientation is_________

  Options:
  A) consumer satisfaction
  B) consumer sovereignty
  C) what to produce
  D) market research
  Show Answer
  The correct answer is A .
• Question 14: Trading position of Nigeria is the same as her Options:
  A) desire to trade with many countries
  B) willingness to grant grant credit to foreigners
  C) balance of trade
  D) terms of trade
  Show Answer
  The correct answer is A .
• Question 15: The temporary insurance certificate issued to the insured before drawing up a policy is a? Options:
  A) cover note
  B) testimonial
  C) time policy
  D) proposal form
  Show Answer
  The correct answer is A .
• Question 16: An agent who transacts business with the broker in the stock exchange is a Options:
  A) stag
  B) bull
  C) del credere
  D) jobber
  Show Answer
  The correct answer is D .
• Question 17: Which of the following is a disadvantage of nationalization Options:
  A) It promotes poor economic planning
  B) The cost of services is not determined by by market forces
  C) It may lead to rationalization of resources
  D) The development of local skills and technologyis retarded
  Show Answer
  The correct answer is D .
• Question 18:

  A fall in the value of a country's currency vis-a-vis other currencies is known as__________

  Options:
  A) Depreciation
  B) Reduction
  C) Devaluation
  D) Exchange rate
  Show Answer
  The correct answer is C .
• Question 19: An obstacle to international trade is? Options:
  A) trade imbalance between countries
  B) availiability of local market
  C) quantity and quality of labour
  D) cost of finance
  Show Answer
  The correct answer is D .
• Question 20:

  The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves

  Options:
  A) face-to-face communication with customers
  B) distributing instructional posters
  C) premium programming for Customers
  D) publishing promotional hooklets
  Show Answer
  The correct answer is A .