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 251: The media media used for inter-departmental communication include? Options:
  A) circulars, advertisement and notice boards
  B) memoranda, circulars and the telephone
  C) memoranda, advertising and face-to-face
  D) momoranda, advertising and the grapevine
  Show Answer
  The correct answer is B .
• Question 252: Money is generally accepted for transactions due to Options:
  A) the legal backing
  B) the rule of law
  C) its acceptability in the global market
  D) the Central Bank Governor's signature
  Show Answer
  The correct answer is A .
• Question 253:

  

  From the diagram above, what does I stand for?

  Options:
  A) aids to trade
  B) home trade
  C) publicity
  D) advertising
  Show Answer
  The correct answer is A .
• Question 254: The difference between the buying and selling price of shares is known as? Options:
  A) brokerage
  B) margin
  C) jobber's turn
  D) gross profit
  Show Answer
  The correct answer is C .
• Question 255:

  In a public limited liability company, planning is carried out by

  Options:
  A) Employees
  B) The chairman of the board
  C) Shareholders
  D) Manufacturer’s warehouse
  Show Answer
  The correct answer is C .
• Question 256: 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 257: Marketing skimming is an example of? Options:
  A) market penetration
  B) sales promotion
  C) pricing policy
  D) advertising
  Show Answer
  The correct answer is A .
• Question 258: Which of these is both merit and demerit in partnership? Options:
  A) The number of partners
  B) It unlimited nature
  C) The bearing of risk
  D) The withdrawal of a major partner
  Show Answer
  The correct answer is A .
• Question 259:

  The central working system of a computer used for data processing is the

  Options:
  A) monitor
  B) floppy disk drive
  C) hard drive
  D) memory unit
  Show Answer
  The correct answer is D .
• Question 260: Who is the offeree in this contract ? Options:
  A) Musa
  B) Audu
  C) Adamu
  D) Jacob
  Show Answer
  The correct answer is C .