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 621: Trading on the stock exchange in anticipation of price change in the market value of shares is? Options:
  A) speculation
  B) forecasting
  C) expectation
  D) projection
  Show Answer
  The correct answer is A .
• Question 622: The process of buying and selling and distribution of goods and services is ______ Options:
  A) retail trade
  B) commerce
  C) marketing concept
  D) marketing
  Show Answer
  The correct answer is B .
• Question 623: The mode of transportation that conveys a limited variety of products through fixed laid routes is? Options:
  A) waterways
  B) road
  C) rail
  D) pipeline
  Show Answer
  The correct answer is D .
• Question 624:

  An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

  Options:
  A) Telephone
  B) Telegram
  C) Telex
  D) NITEL
  Show Answer
  The correct answer is B .
• Question 625: In product pricing, which of these elements need more consideration than others? Options:
  A) The cost of producing the product
  B) The economic conditions in the market
  C) the demography of the buyers of the product
  D) The demand for the product
  Show Answer
  The correct answer is A .
• Question 626: The assets, liabilities and general management of a distressed bank may be taken over by? Options:
  A) International Bank for Reconstruction and development
  B) Nigeria Industrial Development Bank
  C) Nigeria Banks Deposit Insurance corporation
  D) Nigeria Bank for Commerce and Industry
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  The correct answer is C .
• Question 627: Product involves Options:
  A) making goods avaiable where and when needed
  B) changing the form of goods, moving and making them avaiable as needed
  C) the manufacturing of goods and provision of services
  D) the assembling of all necessary parts to produce a finished product
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  The correct answer is B .
• Question 628: The principle of subrogation states that Options:
  A) an insured person should be indemnifed to the tune of the amount insured
  B) an insurance company can stand in place of the insured in dealing with third party
  C) oly a person who is likely to sufferrd loss should take take out an insurance cover
  D) ther must be a close connection between the actual loss suffered and risk insured
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  The correct answer is B .
• Question 629:

  

  Use the diagram above to answer this question

  X represents

  Options:
  A) action
  B) receiver
  C) transmission
  D) ideation
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  The correct answer is B .
• Question 630: A partnership is dissolved when? Options:
  A) the business suffers a loss
  B) there is bankruptcy
  C) there is consistent theft
  D) there is misunderstanding between partners
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  The correct answer is B .