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 281: The document that gives an important freehand to obtain goods form any manufacturer is Options:
  A) A closed indent
  B) A consular invoice
  C) A freight note
  D) An open indent
  Show Answer
  The correct answer is D .
• Question 282: A disadvantage of personal selling is that it Options:
  A) increase a company's operating cost
  B) decreases acompany's operating cost
  C) increase a company's number of customers
  D) reduces a company's area of patronage
  Show Answer
  The correct answer is D .
• Question 283: Ships used for international transport are? Options:
  A) trawelers
  B) yachets
  C) ocean liners
  D) launchers
  Show Answer
  The correct answer is C .
• Question 284: What is the most important use of promotion in marketing? Options:
  A) Persuasion
  B) Conviction
  C) Information
  D) Education
  Show Answer
  The correct answer is C .
• Question 285: A person who undertakes life insurance is said to be an Options:
  A) insurer
  B) assurer
  C) assured
  D) insured
  Show Answer
  The correct answer is D .
• Question 286: The internet is a system of telecommunication used for Options:
  A) Sending electronic message
  B) Communicating messages through telegrams
  C) Communicating long-distance
  D) Sending and renewing text message
  Show Answer
  The correct answer is A .
• Question 287: Which of the following is a development bank in Nigeria? Options:
  A) Union Bank Plc
  B) First Bank Plc
  C) First City Monument Bank
  D) Federal Mortgage Bank
  Show Answer
  The correct answer is D .
• Question 288: Tourism serves the purpose of Options:
  A) cross-cultural understanding and peaceful interaction
  B) opening values for leaving the country
  C) economic development and naturilization
  D) exploiting the country's natural endowment
  Show Answer
  The correct answer is D .
• Question 289:

  

  Use the above table to answer this question.

  What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?

  Options:
  A) Indemnity
  B) Insurable interest
  C) Uberrimae fidei
  D) Subrogation
  Show Answer
  The correct answer is C .
• Question 290: A chain store usually combines the features of? Options:
  A) mulitiple shops and departmental stores
  B) hypermarkets and stalls
  C) multiple shops and hypermarkets
  D) mail order business and multiple stops
  Show Answer
  The correct answer is A .