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 481:

  

  From the diagram above, what does I stand for?

  Options:
  A) aids to trade
  B) home trade
  C) publicity
  D) advertising
  Show Answer
  The correct answer is A .
• Question 482:

  A country is said to be experiencing an unfavourable balance of trade if her

  Options:
  A) exports exceed imports
  B) visible imports exceeds Visible exports
  C) visible exports exceed visible imports
  D) imports and exports are equal
  Show Answer
  The correct answer is B .
• Question 483: An artificial barrier to international trade is? Options:
  A) political unrest
  B) culture of the people
  C) units of measurement
  D) custom duties
  Show Answer
  The correct answer is D .
• Question 484: The four Ps of marketing are? Options:
  A) product, place , process and promotion
  B) price, product, properrty and place
  C) price, product, place and promotion
  D) price, production , place and property
  Show Answer
  The correct answer is C .
• Question 485:

  Dealers in stock exchange such as bulls, bears and stags are categorized as

  Options:
  A) actuaries
  B) promoters
  C) speculators
  D) underwriter
  Show Answer
  The correct answer is C .
• Question 486: The Customs and Excise Department is responsible for the the collection of? Options:
  A) royalties
  B) tariffs
  C) taxes
  D) charges
  Show Answer
  The correct answer is B .
• Question 487: 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 488: The object of the business are determined by the Options:
  A) workers
  B) government
  C) society
  D) promoters
  Show Answer
  The correct answer is C .
• Question 489: The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through? Options:
  A) public relations
  B) advertising
  C) sales promotion
  D) rebranding
  Show Answer
  The correct answer is A .
• Question 490: The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the? Options:
  A) television
  B) telephone
  C) telegraph
  D) radio
  Show Answer
  The correct answer is C .