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 511:

  All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

  Options:
  A) Nigerian Police Authority
  B) Nigerian Ports Authority
  C) National Ports Authority
  D) National Police Authority
  Show Answer
  The correct answer is B .
• Question 512: A console is a device used in Options:
  A) moving an indicator on the screen
  B) communicating between operator and programmer
  C) holding magnetic tape reel
  D) forming characters by heating sensitive ribbon
  Show Answer
  The correct answer is A .
• Question 513: The most important advantage of personal selling is that it Options:
  A) allows sellers to percieve buyers' needs
  B) allows sellers to sell their goods quickly
  C) takes place easily on the high ways
  D) takes place without the permissionof government
  Show Answer
  The correct answer is A .
• Question 514: Consumerism aims at protecting the consumer from? Options:
  A) harmful products
  B) drug addiction
  C) smoking cigarettes
  D) alcohol consumption
  Show Answer
  The correct answer is A .
• Question 515:

  A distinctive advantage of GSM is its

  Options:
  A) cost
  B) stability
  C) coverage
  D) mobility
  Show Answer
  The correct answer is D .
• Question 516: Factors considered when setting up a retail business is one of the following _________ Options:
  A) capital, experience and trading
  B) experience, term of trade, and trading
  C) capital, trading and term of trade
  D) capital, type of goods and source of supply
  Show Answer
  The correct answer is D .
• Question 517: A business organization must always consider the overall effect of its actions on the Options:
  A) competitor
  B) product
  C) profit
  D) society
  Show Answer
  The correct answer is C .
• Question 518:

  A distinguishing characteristic of a limited liability company is that

  Options:
  A) is a collection of many sole proprietors
  B) is a multiple partnership
  C) has limited resources
  D) can sue and be sued
  Show Answer
  The correct answer is C .
• Question 519: The major source of income to commercial banks is? Options:
  A) tourism
  B) banking
  C) communication
  D) transportation
  Show Answer
  The correct answer is C .
• Question 520: The main objective of a trade association can best be described as promoting and protecting Options:
  A) the products
  B) common interest
  C) the market
  D) customer's interest
  Show Answer
  The correct answer is D .