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 241: A markets where new shares are trade is known Options:
  A) primary market
  B) stock exchange
  C) secondary markets
  D) money market
  Show Answer
  The correct answer is A .
• Question 242:

  An example of vertical integration is___________

  Options:
  A) Trust
  B) Cartel
  C) Merger
  D) Price Ring
  Show Answer
  The correct answer is A .
• Question 243: A major function of trade association is to _______ Options:
  A) assist members to buy cars
  B) help individuals to set up small business
  C) establish a link among member
  D) foster cooperation among members
  Show Answer
  The correct answer is D .
• Question 244: The managerial ability of a supervisor in an organization may be underutilized if the? Options:
  A) morale of the supervisedis high
  B) span of control is wide
  C) span of control is narrow
  D) morale of thr supervisor is low
  Show Answer
  The correct answer is C .
• Question 245:

  An advantage of rail transport is that it

  Options:
  A) is less expensive to maintain
  B) is not prone to delays
  C) carries bulky and heavy goods
  D) enhances door-to-door delivery
  Show Answer
  The correct answer is C .
• Question 246: Which of the following is an item in the marketing mix? Options:
  A) Demand
  B) promotion
  C) market
  D) consumer
  Show Answer
  The correct answer is B .
• Question 247:

  The scope of commerce is limited to________

  Options:
  A) home and foreign trade
  B) wholesaler and retail trade
  C) trade and aids to trade
  D) wholesale and entreport trade
  Show Answer
  The correct answer is C .
• Question 248:

  The three components of staffing are? 

  Options:
  A) recruitment, interview and appointment
  B) recruitment, selection and placement
  C) recruitment, test and placement
  D) recruitment, procurement and appointment
  Show Answer
  The correct answer is B .
• Question 249: One way by which a business can discharge its social responsibility to its community is to? Options:
  A) hold monthly meetings of its customers
  B) building houses for its executives
  C) award scholarship to staff children
  D) build public health centres
  Show Answer
  The correct answer is D .
• Question 250: The nominal value of a share as specified in the Memorandum of Association and the share certificate is the Options:
  A) discounted value
  B) stock value
  C) face value
  D) par value
  Show Answer
  The correct answer is C .