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 641: Ships used for international transport are? Options:
  A) trawelers
  B) yachets
  C) ocean liners
  D) launchers
  Show Answer
  The correct answer is C .
• Question 642: Which of the following is a form of sales promotion Options:
  A) advertising on radio
  B) offering free sample
  C) distributing printed materials
  D) advertising on television
  Show Answer
  The correct answer is B .
• Question 643:

  Warehousing is a productive function because it increases the?

  Options:
  A) quantity of goods
  B) utility of goods
  C) quality of goods
  D) price of goods
  Show Answer
  The correct answer is B .
• Question 644: Loan schemes by thrift societies are? Options:
  A) mortage schemes
  B) conventional schemes
  C) mutual schemes
  D) unconventional schemes
  Show Answer
  The correct answer is C .
• Question 645: The financial institution established to boost Nigeria's trade with the rest of the world is called Options:
  A) Nigerian Deposit Insurance Corporation
  B) Nigerian Economic Reconstruction Fund
  C) Nigerian Industrial Development Bank
  D) Nigerian Export-Import Bank
  Show Answer
  The correct answer is D .
• Question 646:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 647: The conversion of raw materials into finished products creates? Options:
  A) form utility
  B) marginal utility
  C) place utility
  D) time utility
  Show Answer
  The correct answer is A .
• Question 648: Communication is relevant to business activities because it Options:
  A) creates wealth for people
  B) reduces the cost and risk of travelling
  C) connects people
  D) enhances delivery of goods and servicess
  Show Answer
  The correct answer is B .
• Question 649:

  Given:
  ₦
  Sales 15,000
  Opening stock 5,600
  Purchases 9,700
  Closing stock 4,400
  Gross profit 4,500
  Net profit 2,000

  From the above data, calculate the rate of turnover

  Options:
  A) 2.00 times
  B) 3.50 times
  C) 2.18 times
  D) 3.00 times
  Show Answer
  The correct answer is C .
• Question 650: The instruments of credit includes? Options:
  A) billboards and postal stamps
  B) payment vouchers and statement of account
  C) bills of exchange and promissory notes
  D) bills of exchange and salary salary vouchers
  Show Answer
  The correct answer is C .