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 531: The details of the goods require by the the purchaser is outlined in? Options:
  A) a consular invoice
  B) an indent
  C) an invoice
  D) a certificateof orign
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  The correct answer is C .
• Question 532: In a common market, member countries agree basically to Options:
  A) place bans on the other countries’ product
  B) wage war against other countries’ product
  C) establish common barriers against countries outside the market
  D) negotiate with countries outside the market for favourable terms of trade .
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  The correct answer is C .
• Question 533: A trader who gives credit stands to enjoy? Options:
  A) higher profit
  B) cash discount
  C) increased sles
  D) trade discount
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  The correct answer is C .
• Question 534: In foreign trade, document of title is known as Options:
  A) bill of lading
  B) bill at sight
  C) certifiate of origin
  D) declaration form
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  The correct answer is A .
• Question 535:

  An example of a computer operating system is

  Options:
  A) the page maker
  B) windows 2000
  C) Microsoft word 2000
  D) the word perfect
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  The correct answer is B .
• Question 536: Computers that process all data as binary zeros and ones are Options:
  A) analog computers
  B) digital computers
  C) hybrid computers
  D) desktop computers
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  The correct answer is B .
• Question 537:

  The management function that makes the difference in intensity of behavior is

  Options:
  A) controlling
  B) motivation
  C) coordinating
  D) planning
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  The correct answer is B .
• Question 538: An example of service rendered by NIPOST is? Options:
  A) electronic mail
  B) couier
  C) telephone
  D) mail delivery
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  The correct answer is D .
• Question 539: Inbound tourism occurs when Options:
  A) non-resident s of a country travel within it.
  B) non- resident of a country travel to other countries
  C) resident of a country travel within it
  D) Residents of a country travel to other countries.
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  The correct answer is C .
• Question 540: The concept that refers to the sale, transfer or exchange of goods and service is? Options:
  A) industry
  B) trade
  C) tariff
  D) marketing
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  The correct answer is B .