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 21: Inbound tourism occurs when Options:
  A) non-resident s of a country travel within it.
  B) non- resident of a country travel to other countries
  C) resident of a country travel within it
  D) Residents of a country travel to other countries.
  Show Answer
  The correct answer is C .
• Question 22:

  An undertaking given by a person to another assuring his integrity is

  Options:
  A) proximate cause
  B) insurable interest
  C) fidelity guarantee
  D) subrogation
  Show Answer
  The correct answer is C .
• Question 23: RRF as a scheme introduced by the central bank of Nigeria means Options:
  A) recording and Rediscounting Facility
  B) refinancing and Recording Facility
  C) refinancing and Rediscounting Facility
  D) refinancing and Reinvesting Facility
  Show Answer
  The correct answer is D .
• Question 24: The main difference between nationalization and indigenization is in terms of Options:
  A) shareholding
  B) profit
  C) technology
  D) efficiency
  Show Answer
  The correct answer is C .
• Question 25:

  The provision of services is classified under

  Options:
  A) batch production
  B) flow production
  C) secondary production
  D) tertiary production
  Show Answer
  The correct answer is D .
• Question 26: The pooling of business information for the benefit of members s is a major function of a? Options:
  A) pressure group
  B) trade association
  C) cultural group
  D) trade union
  Show Answer
  The correct answer is B .
• Question 27:

  Which of the following is a verbal means of communication

  Options:
  A) Telephone
  B) Express mail
  C) Business reply services
  D) Telex
  Show Answer
  The correct answer is A .
• Question 28: The function which ensures that set objectives are attained by an organization is? Options:
  A) planning
  B) directing
  C) staffing
  D) controlling
  Show Answer
  The correct answer is D .
• Question 29: The winding up of a firm by a resolution of its shareholders is an example of Options:
  A) voluntary liquidation
  B) bankruptcy
  C) recession
  D) involuntary liquidation
  Show Answer
  The correct answer is A .
• Question 30: A distinctive advantage of GSM is its? Options:
  A) mobility
  B) cost
  C) stability
  D) coverage
  Show Answer
  The correct answer is A .