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 431:

  Advantages of pipeline transport include all except_______

  Options:
  A) Low maintenance cost
  B) It is safe
  C) Continuous Flow of goods
  D) Prone to leakages
  Show Answer
  The correct answer is D .
• Question 432: The most important function of commerce is in? Options:
  A) enhancing business relationships
  B) helping people to improve their profits
  C) facilitating exchange among individuals and firms
  D) assisting trade through banking and insurance
  Show Answer
  The correct answer is C .
• Question 433:

  A chamber of commerce is an association made up of?

  Options:
  A) merchants
  B) manufacturers
  C) entrepreneurs
  D) importers
  Show Answer
  The correct answer is C .
• Question 434: A major function of a entrepreneur is? Options:
  A) decision-making
  B) encouraging competition
  C) human-resource traning
  D) motivating employees
  Show Answer
  The correct answer is A .
• Question 435: The process of eliminating a virus from a computer program is? Options:
  A) programming
  B) debugging
  C) formating
  D) looping
  Show Answer
  The correct answer is C .
• Question 436: A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as? Options:
  A) a denbenture
  B) a bond
  C) a term loan
  D) an overdraft
  Show Answer
  The correct answer is A .
• Question 437: The Lake Chad Basin Commission was formed in? Options:
  A) 1974
  B) 1984
  C) 1954
  D) 1964
  Show Answer
  The correct answer is D .
• Question 438: A minor is not permitted to enter into a valid contract because he Options:
  A) Cannot pay the consideration
  B) Is too young to interpret the law
  C) Is young in the eye of the law
  D) May not be able to write the contract
  Show Answer
  The correct answer is C .
• Question 439: 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 440: A firm's organizational structure would change if Options:
  A) one of the major partner dies
  B) there is excessive competition
  C) there is seasonal variation in demand
  D) the scope of business operation changes
  Show Answer
  The correct answer is D .