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: Th overriding objective of the food and drug act in Nigeria is too prevent the Options:
  A) importation of food and drug that can be locally manufactured
  B) consumption of food and drug not tested by the minitries of health
  C) adulteration of food and drug sold in the country
  D) manufactures of food and drug from charging excessive prices
  Show Answer
  The correct answer is D .
• Question 32: The function of commerce in relation to production is ______ Options:
  A) helping in the extraction of raw material from nature
  B) providing a link between the different stage of conversion of good
  C) yielding result
  D) satisfying
  Show Answer
  The correct answer is D .
• Question 33:

  One of the objectives of the Niger Basin Commission is to

  Options:
  A) regulate the movement of citizens across borders
  B) improve tariff and quota on non-members
  C) regulate the movement of cargo along the river
  D) streaming the construction of dams on the river
  Show Answer
  The correct answer is D .
• Question 34:

  One of the functions of the Nigeria Ports Authority is the provision of

  Options:
  A) carrier services to ensure speedy delivery
  B) facilities to enhance the speedy loading and offloading of cargoes
  C) facilities to ensure that goods get to the destinations
  D) shelter for operators of cargoes
  Show Answer
  The correct answer is B .
• Question 35:

  The difference between a chamber of commerce and a trade association is that the former

  Options:
  A) is not restricted to a particular industry
  B) is a branch of trade that sells product
  C) consists of members engaged in the same trade
  D) are association of individuals or firms
  Show Answer
  The correct answer is A .
• 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: Discounts offered by firms to middlemen for bulk purchases are? Options:
  A) trade discounts
  B) sales bonanza
  C) cash discounts
  D) seasonal discount
  Show Answer
  The correct answer is A .
• Question 38: Loan schemes by thrift societies are? Options:
  A) mortage schemes
  B) conventional schemes
  C) mutual schemes
  D) unconventional schemes
  Show Answer
  The correct answer is C .
• Question 39:

  One of the products of the construction industry is a

  Options:
  A) piece of cloth
  B) bag of cement
  C) television
  D) chair
  Show Answer
  The correct answer is B .
• Question 40: In a staff-authority relationship, the opinion of a specialist in one department to another is Options:
  A) a directive
  B) an advice
  C) a command
  D) a delegation
  Show Answer
  The correct answer is B .