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:

  One of the functions of the Nigeria Ports Authority is the provision of

  Options:
  A) carrier services to ensure speedy delivery
  B) facilities to enhance the speedy loading and offloading of cargoes
  C) facilities to ensure that goods get to the destinations
  D) shelter for operators of cargoes
  Show Answer
  The correct answer is B .
• Question 742: In which of the following will the numbers of words used determine the cost of the message sent? Options:
  A) Telephone
  B) Telegram
  C) E-mail
  D) Telex
  Show Answer
  The correct answer is B .
• Question 743:

  In the formation of a united liability company, the following documents are prepared except_______

  Options:
  A) Memorandum of Association
  B) Article of Association
  C) Statement of Nominal Capita
  D) Prospectus
  Show Answer
  The correct answer is D .
• Question 744:

  Current account holders withdraw money through

  Options:
  A) Credit card
  B) Cheque
  C) Transfer
  D) Withdrawal form
  Show Answer
  The correct answer is B .
• Question 745: The physical and psychological satisfaction a customer derives from the purchase of goods and services is Options:
  A) price mix
  B) product mix
  C) marketing mix
  D) promotion mix
  Show Answer
  The correct answer is C .
• Question 746: In a business organization, the annual operation plan or budget is a form of Options:
  A) casual plan
  B) medium-term plan
  C) long-term plan
  D) short-term plan
  Show Answer
  The correct answer is D .
• Question 747: An agreement to sell is distinguishable from sale because in the former, the transfer of goods is Options:
  A) not anticipated
  B) not discussed
  C) deferred
  D) immediate
  Show Answer
  The correct answer is C .
• Question 748: The fear of many communities concerning tourism development is the? Options:
  A) influence of foreign culture
  B) fear of disease transmission
  C) fear of pollution
  D) religious intolerance
  Show Answer
  The correct answer is A .
• Question 749: A business partner who provides capital but abstains from participation in administration of a firm is a Options:
  A) general partner
  B) nominal partner
  C) secret partner
  D) dormant partner
  Show Answer
  The correct answer is D .
• Question 750: 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 .