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 741:

  A distinctive advantage of GSM is its

  Options:
  A) cost
  B) stability
  C) coverage
  D) mobility
  Show Answer
  The correct answer is D .
• Question 742: Consumerism aims at protecting the consumer from? Options:
  A) harmful products
  B) drug addiction
  C) smoking cigarettes
  D) alcohol consumption
  Show Answer
  The correct answer is A .
• Question 743:

  When the cost of sales is divided by the average stock, the result is

  Options:
  A) gross profit
  B) net profit
  C) rate of turnover
  D) working capital
  Show Answer
  The correct answer is C .
• Question 744: One major advantage of a credit and thrift cooperative is that Options:
  A) It can approach government for loan
  B) It encourages saving habit
  C) there are no legal restrictions
  D) each member has a vote during meetings
  Show Answer
  The correct answer is B .
• Question 745: One of the implications of the incorporation of a company is that Options:
  A) it is more difficult for the company to raise loans
  B) the company can sue but cannot be sued
  C) the company's property becomes distinguished from that of its members
  D) its members become liable for all the debts of the company
  Show Answer
  The correct answer is C .
• Question 746: A type of credit offered by both commercial and merchant banks in Nigeria is? Options:
  A) trade credit
  B) line of credit
  C) discounting facility
  D) overdraft
  Show Answer
  The correct answer is D .
• Question 747: A bill of exchange already accepted can be discounted by the holder in? Options:
  A) the central bank
  B) at least two banks
  C) his bank
  D) any bank
  Show Answer
  The correct answer is D .
• Question 748:

  Booklets containing a range of products, their uses and prices are called

  Options:
  A) Posters
  B) Handbill
  C) Catalogues
  D) Price Journal
  Show Answer
  The correct answer is C .
• Question 749:

  One of the functions of a trade association is to

  Options:
  A) pay members salaries
  B) promote members' welfare
  C) provide loans to members
  D) provide employment for members
  Show Answer
  The correct answer is B .
• Question 750: The type of labour that makes use of physical effort in production processes is the Options:
  A) unskilled labour
  B) skilled labour
  C) blue-collar job
  D) white-collar job
  Show Answer
  The correct answer is A .