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 31: A computer component that decodes and interprets instructions and also directs program implementation is? Options:
  A) memory unit
  B) central processing unit
  C) control unit
  D) system unit
  Show Answer
  The correct answer is B .
• Question 32: The safety and quality of products are the social responsibility of? Options:
  A) the Standards Organization of Nigeria
  B) the Manufacturers' Association of Nigeria
  C) the Corporate Affairs Commission
  D) business organizations
  Show Answer
  The correct answer is A .
• Question 33:

  A debenture holder is entitled to

  Options:
  A) Dividend
  B) Interest
  C) commission
  D) Profit
  Show Answer
  The correct answer is B .
• Question 34:

  Taking a new product to a particular part of the country to test the reaction of consumers to the product is referred to as?

  Options:
  A) sales promotion
  B) sampling
  C) merchandising
  D) advertising
  Show Answer
  The correct answer is A .
• Question 35:

  An internal source of finance to an enterpreneur is

  Options:
  A) trade
  B) retained earning
  C) overdraft
  D) debenture
  Show Answer
  The correct answer is B .
• Question 36: Modern means of payment is greatly facilitated by Options:
  A) e-commerce
  B) paper money
  C) e-banking
  D) credit transfer
  Show Answer
  The correct answer is C .
• Question 37: 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 38: A predominant make-up language for web pages is the? Options:
  A) IP
  B) HTTP
  C) HTML
  D) TCP
  Show Answer
  The correct answer is B .
• Question 39: The type of activity which turns processed raw materials into consumer and industrial goods is described as Options:
  A) extractive
  B) manufacturing
  C) constructive
  D) processing
  Show Answer
  The correct answer is B .
• Question 40: The promotion of team spirit in an organization is referred to as Options:
  A) unity of direction
  B) espirit de corps
  C) unity of purpose
  D) discipline
  Show Answer
  The correct answer is B .