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: 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 32: Which software program can be used to generate financial reports from a company's client list? Options:
  A) MS Word
  B) Database
  C) MS Excel
  D) Adobe
  Show Answer
  The correct answer is C .
• Question 33:

  Use the following information to answer this question.

  Oladosu Bookshop

  54, Ahmadu Bello Way

  Kaduna

  P.O.BOOX 336

  6 January 1989

  Olu Stationery ltd

  17, Kakawa Street

  Lagos

  Dear Sir,

  We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.

  Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.

  Yours Faithfully

  Manager.

  From the question above, the document the firm or organization will send to the buyer is

  Options:
  A) Delivery notes
  B) Advice notes
  C) An order form
  D) Quotations
  Show Answer
  The correct answer is D .
• Question 34: The process of transferring data from one computer to another is referred to as Options:
  A) downloading
  B) faxing
  C) browsing
  D) decoding
  Show Answer
  The correct answer is A .
• Question 35: Gilt-edged securities are issued mainly by Options:
  A) individuals
  B) non-governmental organisations
  C) Government
  D) multi-national companies
  Show Answer
  The correct answer is C .
• Question 36: Organizing trade fairs in Nigeria is the responsibility of? Options:
  A) National Directorate of Employment
  B) Federal Ministry of Commerce
  C) trade association
  D) chambers of commerce
  Show Answer
  The correct answer is B .
• Question 37: The resources which are necessary for business development include? Options:
  A) manufacturing , materials mentors and money
  B) merchant, materials, mentors and money
  C) man, money, materials and machines
  D) machines, manufacturing , money and materials
  Show Answer
  The correct answer is C .
• Question 38:

  Which of the following attracts only interest but leaves the capital unpaid?

  Options:
  A) uberrimae fidei
  B) subrogation
  C) contribution
  D) redeemable bond
  Show Answer
  The correct answer is D .
• Question 39: The label on a product such as 'pampers' is atype of? Options:
  A) trademark
  B) branding
  C) packaging
  D) patent right
  Show Answer
  The correct answer is A .
• Question 40: The sustainable growth of commerce is largely due to? Options:
  A) marketing
  B) advertising
  C) exchange
  D) branding
  Show Answer
  The correct answer is B .