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 391: A doctor who attends to patients at home after his official duty is? Options:
  A) a community develoment worker
  B) a direct service worker
  C) an indirect sevice worker
  D) a direct and an indirect sevice worker
  Show Answer
  The correct answer is B .
• Question 392: An agency contract must involve? Options:
  A) a principal and a consumer
  B) a principal and a producer
  C) a principal and a third party
  D) a principal and an agent
  Show Answer
  The correct answer is D .
• Question 393: A major function of trade association is to _______ Options:
  A) assist members to buy cars
  B) help individuals to set up small business
  C) establish a link among member
  D) foster cooperation among members
  Show Answer
  The correct answer is D .
• Question 394: The shares of a company listed on the stock exchange for sale are referred to as? Options:
  A) registered shares
  B) deferred shares
  C) issued shares
  D) quoted shares
  Show Answer
  The correct answer is D .
• Question 395:

  A discount deducted from the invoice price of goods to enable the retailer to make profit

  Options:
  A) cash discount
  B) functional discount
  C) trade discount
  D) seasonal discount
  Show Answer
  The correct answer is A .
• Question 396:

  What do we call agreement between two people enforced by law?

  Options:
  A) Consideration
  B) offer
  C) contract
  D) agreement
  Show Answer
  The correct answer is C .
• Question 397: The current trend in retailing competition in Nigeria are? Options:
  A) advertising and sales promotion strategies
  B) branding, enterprising and diffrentiation of goods and services
  C) self-service, after-sales service and services and branding strategies
  D) after-sales services and sales promotion strategies
  Show Answer
  The correct answer is A .
• Question 398:

  An author's exclusive right to his published and unpublished works is known as

  Options:
  A) constitutional right
  B) author's right
  C) copyright
  D) patent right
  Show Answer
  The correct answer is C .
• Question 399: The payment made periodically in respect of an insurance policy entered into is known as? Options:
  A) bond
  B) commission
  C) premium
  D) surrender value
  Show Answer
  The correct answer is C .
• Question 400:

  A debenture holder is entitled to

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