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 271: The use of coin-operated machines to sell goods is a form of Options:
  A) personal selling
  B) retailing
  C) wholesaling
  D) mail-order selling
  Show Answer
  The correct answer is B .
• Question 272: Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through Options:
  A) cash on delivery service
  B) recorded delivery service
  C) express service
  D) free on board service
  Show Answer
  The correct answer is D .
• Question 273:

  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 274:

  A business unit in which savings of members are lent to others is a

  Options:
  A) consumer cooperative society
  B) producer cooperative society
  C) credit and thrift society
  D) wholesale cooperative society
  Show Answer
  The correct answer is C .
• Question 275: Petrol voucher is an example of a Options:
  A) bankdraft
  B) legal tender
  C) token money
  D) partial money
  Show Answer
  The correct answer is D .
• Question 276: A major function of a chamber of commerce is? Options:
  A) increaseing productivity
  B) promoting both home and foreign trade
  C) promoting trade in a particular line
  D) maximizing profit
  Show Answer
  The correct answer is B .
• Question 277: In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is Options:
  A) lawful to both
  B) unlawful to both
  C) beneficial to both
  D) detrimental to both
  Show Answer
  The correct answer is A .
• Question 278:

  The activities aimed at finding customers needs and satisfaction can be described as

  Options:
  A) conceptual marketing
  B) macro-marketing
  C) socio-marketing
  D) micro-marketing
  Show Answer
  The correct answer is A .
• Question 279:

  Booklets containing a range of products, their uses and prices are called

  Options:
  A) Posters
  B) Handbill
  C) Catalogues
  D) Price Journal
  Show Answer
  The correct answer is C .
• Question 280: The second tier security market is Options:
  A) an appendage to the Nigeria stock exchange
  B) a member of the Nigeria stock exchange
  C) meant for the shares of quoted private companies
  D) a regulating arm of the Nigerian stock exchange
  Show Answer
  The correct answer is B .