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 421: In which of the following sets of occupations can an industrial worker be found? Options:
  A) extraction commerce and construction
  B) manufacturing extraction and banking
  C) construction, quarrying and insurance
  D) manufacturing , extraction and construction
  Show Answer
  The correct answer is D .
• Question 422:

  An advantage of rail transport is that it

  Options:
  A) is less expensive to maintain
  B) is not prone to delays
  C) carries bulky and heavy goods
  D) enhances door-to-door delivery
  Show Answer
  The correct answer is C .
• Question 423: The major problem confronting Cyber Cafe operators is? Options:
  A) advance fee fraud by clientele
  B) poor network coverage
  C) high operating costs
  D) copyright voilations by clients
  Show Answer
  The correct answer is C .
• Question 424: The use of coin-operated machines to sell goods is a form of Options:
  A) personal selling
  B) retailing
  C) wholesaling
  D) mail-order selling
  Show Answer
  The correct answer is B .
• Question 425: The major aim of establishing a public corporation is to Options:
  A) establish a monopoly
  B) provide essential services
  C) provide employment opportunities
  D) encourage specialization
  Show Answer
  The correct answer is B .
• Question 426: The most important factor that delayed the development of commerce in Nigeria was? Options:
  A) A.the inefficient means of communication
  B) that there were few entrepreneurs
  C) that there were few developed markets
  D) secondary production has to do with changing the?
  Show Answer
  The correct answer is C .
• Question 427: The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is Options:
  A) Natural Environment
  B) Cultural environment
  C) Economic environment
  D) Demographic Environment
  Show Answer
  The correct answer is D .
• Question 428: When a firm speaker of stock appreciation, it refers to Options:
  A) change in the value of its stocks resulting from price movement
  B) increase in the price of it shared quoted on the stock exchange
  C) an unexpected increase in the demand of its stock
  D) the value of its stock in the stock exchange
  Show Answer
  The correct answer is C .
• Question 429: An agreement that is enforceable in law is ________? Options:
  A) a contract
  B) an offer
  C) an acceptance
  D) a consideration
  Show Answer
  The correct answer is A .
• Question 430: The location of a business is mostly influenced by? Options:
  A) market outlet
  B) management decision
  C) capital
  D) environment
  Show Answer
  The correct answer is D .