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 211: Which of the following has power to order withdrawal of a particular food item from circulation? Options:
  A) Standard organisation of Nigeria
  B) Federal High courts in Nigeria
  C) Food and Drug Department of the Federal Ministry of health
  D) Local government health inspector
  Show Answer
  The correct answer is C .
• Question 212: The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as? Options:
  A) digital computer
  B) analogue computer
  C) mainframe computer
  D) hybrid computer
  Show Answer
  The correct answer is A .
• Question 213:

  The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is

  Options:
  A) indemnity
  B) contribution
  C) proximate cause
  D) uberrimae fidei
  Show Answer
  The correct answer is B .
• Question 214: An advantage of hire purchase to the consumer is the? Options:
  A) economies of scale in production
  B) possession of goods before payment
  C) increase in turnover and profit
  D) low interest rate chargeable
  Show Answer
  The correct answer is B .
• Question 215: The measure of independence available to the individual business units that come together is the main difference between Options:
  A) vertical and horizontal integration
  B) Mergers and Acquisition
  C) Consortium and imagination
  D) Trust and Cartel
  Show Answer
  The correct answer is B .
• Question 216:

  Which of the following is not a component of the marketing mix?

  Options:
  A) product
  B) production
  C) promotion
  D) place
  Show Answer
  The correct answer is B .
• Question 217: The manufacturers' Association of Nigeria is an example of a? Options:
  A) labour union
  B) pressure group
  C) conglomerate
  D) cartel
  Show Answer
  The correct answer is B .
• Question 218: Citizens are against privatization mainly because of? Options:
  A) the rationalization of organizations
  B) increased prices of goods and services
  C) the likelihood of monopoly
  D) ineffective management
  Show Answer
  The correct answer is B .
• Question 219: In foreign trade, document of title is known as Options:
  A) bill of lading
  B) bill at sight
  C) certifiate of origin
  D) declaration form
  Show Answer
  The correct answer is A .
• Question 220: Tourism can be classified as? Options:
  A) intangible import
  B) visible export
  C) intangible export
  D) invisible export
  Show Answer
  The correct answer is D .