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 261: An example of an activity in the construction industry is Options:
  A) blacksmithing
  B) bricklaying
  C) car assembling
  D) shoemaking
  Show Answer
  The correct answer is C .
• Question 262: An aid to trade associated with communications is? Options:
  A) banking
  B) transportation
  C) warehousing
  D) insurance
  Show Answer
  The correct answer is B .
• Question 263: The instrument used in the capital market is? Options:
  A) treasury bills
  B) bill of exchange
  C) stock
  D) debenture
  Show Answer
  The correct answer is C .
• Question 264: In a public limited liability company, planning is carried out by? Options:
  A) the chairman of the board
  B) the board of directors
  C) shareholders
  D) employees
  Show Answer
  The correct answer is B .
• Question 265: When a company uses more of loans than equity to finance its business, the company is said to be Options:
  A) bankrupt
  B) solvent
  C) highly geared
  D) in a strong liquid position
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  The correct answer is C .
• Question 266: The concept that refers to the sale, transfer or exchange of goods and services is Options:
  A) industry
  B) trade
  C) tariff
  D) marketing
  Show Answer
  The correct answer is B .
• Question 267: Which of the middlemen in the channel of distribution has tittle to the goods he distributes? Options:
  A) The merchant wholesaler
  B) The agent
  C) The limited wholersaler
  D) The retailer
  Show Answer
  The correct answer is A .
• Question 268: Which of the following contributed least to the evolution of commercial activities in Nigeria? Options:
  A) Development of banks
  B) Development oftransportation
  C) Development of trader's unions
  D) Development of currencies
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  The correct answer is D .
• Question 269: Which of the following confirms the accuracy of the duty charged on imported goods? Options:
  A) An indent
  B) Consular invoice
  C) Consignment note
  D) Shipping note
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  The correct answer is B .
• Question 270: In the channel of distribution, which of the following sets is entirely made up of middlemen? Options:
  A) Wholesalers, retailers and agents
  B) Manufacturers, consumers and retailers
  C) Wholesalers, agents and consumers
  D) Retailers, manufacturers and wholesalers
  Show Answer
  The correct answer is A .