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 631: What document is required when a country imposes ad valorem import duties on goods? Options:
  A) A mail transfer
  B) A shipping note
  C) A billb of lading
  D) A consular invoice
  Show Answer
  The correct answer is B .
• Question 632: International trade takes place as a result of? Options:
  A) uniformity in costs of production
  B) inequitable distribution of natural resources
  C) parity in the level of industrialization
  D) similarities in climate conditions
  Show Answer
  The correct answer is B .
• Question 633: The most essential element of a product is the Options:
  A) price
  B) utility
  C) design
  D) colour
  Show Answer
  The correct answer is B .
• Question 634: In response to an inquiry from a customer, a wholesaler is expected to send back Options:
  A) a consignment note
  B) an order
  C) a qoutation
  D) an advice note
  Show Answer
  The correct answer is C .
• Question 635: The type of securities that the stock exchange deals with are Options:
  A) warrants, currency notes, money orders and postal orders
  B) cheques, bankdrafts , warrants and promissory notes
  C) bonds ivory, treasure bills, debentures and warrants
  D) stocks, shares, bonds and warrants.
  Show Answer
  The correct answer is D .
• Question 636:

  An advantage of rail transport is that it

  Options:
  A) is less expensive to maintain
  B) is not prone to delays
  C) carries bulky and heavy goods
  D) enhances door-to-door delivery
  Show Answer
  The correct answer is C .
• Question 637: The body which ensures that consumers are protected against harmful products in Nigeria is Options:
  A) NAFDAC
  B) NDLEA
  C) SON
  D) CPC
  Show Answer
  The correct answer is A .
• Question 638:

  

  The organizational structure above represents

  Options:
  A) line and functional structure
  B) line and staff structure
  C) functional structure
  D) line structure
  Show Answer
  The correct answer is B .
• Question 639: An example of service rendered by NIPOST is? Options:
  A) electronic mail
  B) couier
  C) telephone
  D) mail delivery
  Show Answer
  The correct answer is D .
• Question 640: 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 .