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 351: After-sales service is a function usually rendered by? Options:
  A) a retailer
  B) a wholesaler
  C) an agent
  D) an enterpreneur
  Show Answer
  The correct answer is A .
• Question 352: A country is said to be experiencing an unfavorable balance of trade if her Options:
  A) exports exceed imports
  B) visible exports exceed visible imports
  C) imports and exports are equal
  D) visible imports exceed visible exports
  Show Answer
  The correct answer is D .
• Question 353: The stock exchange is a market where _______ Options:
  A) long-term securities are sold
  B) all types of securities are sold
  C) short-term securities are sold
  D) medium term securities are sold
  Show Answer
  The correct answer is B .
• Question 354: A historical building is a feature of? Options:
  A) cultural tourism
  B) industrial tourism
  C) agricultural tourism
  D) ecological tourism
  Show Answer
  The correct answer is A .
• Question 355: One of the major benefits of commerce to government is to Options:
  A) improve the standard of living
  B) generate revenue for growth and development
  C) encourage cooperation among public organisations
  D) encourage the development of socio-cultural values
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  The correct answer is B .
• Question 356: The insurance principle that requires full disclosure of information on the insured is known as Options:
  A) indemnity
  B) uberrimae fidei
  C) subrogation
  D) caveat emptor
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  The correct answer is B .
• Question 357:

  The resources put together to create goods and services are

  Options:
  A) working capital
  B) producer goods
  C) factors of production
  D) consumer goods
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  The correct answer is C .
• Question 358:

  When a share with a nominal value of #50 is quoted at #70, it is being sold

  Options:
  A) cum div
  B) ex-div
  C) at a discount
  D) at a premium
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  The correct answer is D .
• Question 359:

  The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves

  Options:
  A) face-to-face communication with customers
  B) distributing instructional posters
  C) premium programming for Customers
  D) publishing promotional hooklets
  Show Answer
  The correct answer is A .
• Question 360:

  A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

  Options:
  A) Subsidiary
  B) Syndicate
  C) Holding Company
  D) Parent company
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  The correct answer is A .