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 751: The world tourism organization has it headquarters in Options:
  A) New York
  B) Madrid
  C) Paris
  D) London
  Show Answer
  The correct answer is B .
• Question 752: Factoring is a trade debt term used when the agent buys all the trade debts of the Options:
  A) importers
  B) exporters
  C) nation
  D) customers
  Show Answer
  The correct answer is B .
• Question 753: Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the? Options:
  A) indemnity
  B) surrender value
  C) lump sum benefit
  D) insurance premium
  Show Answer
  The correct answer is C .
• Question 754:

  Extractive industries may also be denominated as?

  Options:
  A) direct industries
  B) service industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .
• Question 755: The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as? Options:
  A) digital computer
  B) analogue computer
  C) mainframe computer
  D) hybrid computer
  Show Answer
  The correct answer is A .
• Question 756: A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing? Options:
  A) price concept
  B) distribution concept
  C) product concept
  D) markting concept
  Show Answer
  The correct answer is D .
• Question 757: The factors essential for tourism are? Options:
  A) accessibility, capital, amenties, accessibility and scenery
  B) goods weather, amenties, accessibility and scenery
  C) amenties, capital, accessibility and markets
  D) good weather, capital, schools and scenery
  Show Answer
  The correct answer is B .
• Question 758: The main aim of selling directly to consumers by manufactures is to Options:
  A) dis courage the activities of middlemen
  B) make contacts with comsumers
  C) eliminate transportation cost
  D) maximize the profit margin
  Show Answer
  The correct answer is A .
• Question 759: The function of a merchant wholesaler is to Options:
  A) buy in bulk, store and sell to retailerss as desired
  B) posses title to the goods, store and sale to retailers
  C) bring buyers and sellers together
  D) find markets for producers' finished goods
  Show Answer
  The correct answer is A .
• Question 760: A distinguishing characteristic of labour is that it is Options:
  A) constant
  B) expensive
  C) mobile
  D) cost
  Show Answer
  The correct answer is C .