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: One of the functions of the retailer is Options:
  A) granting credit facilities to close relatives
  B) provision of after - sales services
  C) branding and packaging of goods
  D) warehousing of goods
  Show Answer
  The correct answer is B .
• Question 642: 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 643: Which of the following gives the correct order in which the listed documents are used? Options:
  A) debit note, order, delivery note, invoice and statement
  B) order, delivery note, invoice, debit note and statement
  C) statement, order, invoice, delivery note and debit note
  D) invoice, order, statement, debit note and delivery note
  Show Answer
  The correct answer is B .
• Question 644: The West African clearing House became legally operational on Options:
  A) 1st july, 1976
  B) 25th june, 1975
  C) 14th march, 1975
  D) 3rd may, 1974
  Show Answer
  The correct answer is A .
• Question 645: The lake Chad Basin commission was founded to enable member states Options:
  A) expand the volume of water in the lake for fishing activities
  B) increase navigational activities on the lake
  C) dam the lake for electricity and agricultural purposes
  D) co-ordinate their efforts in managing the use of the lake's resources
  Show Answer
  The correct answer is D .
• Question 646: What document is required when a country imposes valorem import duties on goods? Options:
  A) mail transfer
  B) shipping note
  C) bill of lading
  D) consular invoice
  Show Answer
  The correct answer is B .
• Question 647: Which of the following computers can be used in weather forecast? Options:
  A) Hybrid computer
  B) Digital computer
  C) Mainframe computer
  D) Analog computer
  Show Answer
  The correct answer is A .
• Question 648: 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 649: A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a? Options:
  A) public liability company
  B) joint venture company
  C) limited company
  D) registered company
  Show Answer
  The correct answer is D .
• Question 650:

  One of the merits of television as a medium of advertising is that it

  Options:
  A) is prone to censorship
  B) is relatively cheap
  C) has more network coverage
  D) has more sensory stimulation
  Show Answer
  The correct answer is D .