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:

  

  The chart above represent the?

  Options:
  A) product mix relationship
  B) marketing mix relationship
  C) promotion mix elationship
  D) advertising mix relationship
  Show Answer
  The correct answer is B .
• Question 12:

  A title, symbol, or design that distinguishes a company is called

  Options:
  A) Brand name
  B) Trademark
  C) copyright
  D) Patent right
  Show Answer
  The correct answer is B .
• Question 13: The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of Options:
  A) proximate cause
  B) insurable interest
  C) insurance priority
  D) subrogation
  Show Answer
  The correct answer is C .
• Question 14: The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a Options:
  A) improved exchange
  B) enhanced trade
  C) enhance development
  D) improved relations
  Show Answer
  The correct answer is B .
• Question 15: A close indent is an instrument to an agent to Options:
  A) order goods from a particular manufacturer
  B) order goods from any manufacturer
  C) sell gods to any firm
  D) sell goods to a certain firm
  Show Answer
  The correct answer is A .
• Question 16: The Lake Chad Basin Commission was formed in? Options:
  A) 1974
  B) 1984
  C) 1954
  D) 1964
  Show Answer
  The correct answer is D .
• Question 17: The form of credit sales common to low income groups is Options:
  A) hire purchase
  B) club trading
  C) booking -me -down
  D) credit trading
  Show Answer
  The correct answer is A .
• Question 18: Most foreign trade transaction are paid for through the use of Options:
  A) central bank cheques
  B) bank drafts drawn by commercial banks on their foreign branches
  C) irrevocable and confirmed letters of credit
  D) letters of credit authenticated by the embassies of the respective countries
  Show Answer
  The correct answer is C .
• Question 19: The traditional way of paying cooperative dividend is to distribute profit in proportional to members'? Options:
  A) subscriptions
  B) total savings
  C) volume of purchase
  D) contributions
  Show Answer
  The correct answer is C .
• Question 20: The placement of workers based on their qualifications can be categorized under Options:
  A) public sector
  B) skilled labour
  C) private sector
  D) unskilled labour
  Show Answer
  The correct answer is B .