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 791: One of the requirements necessary for setting up a business is? Options:
  A) registration
  B) advertisement
  C) knowledge of the business
  D) documentation
  Show Answer
  The correct answer is C .
• Question 792: In response to an inquiry from a customer, a wholesaler is expected to send back Options:
  A) a consignment note
  B) an order
  C) a qoutation
  D) an advice note
  Show Answer
  The correct answer is C .
• Question 793: Which software program can be used to generate financial reports from a company's client list? Options:
  A) MS Word
  B) Database
  C) MS Excel
  D) Adobe
  Show Answer
  The correct answer is C .
• Question 794: Entrepot trade usually occurs in? Options:
  A) exchanging goods within a nation
  B) exchanging goods among countries
  C) importing goods to be re-exproted
  D) exproting goods to be re-imported
  Show Answer
  The correct answer is C .
• Question 795:

  One of the factors which critically determines the choice of occupation is?

  Options:
  A) training
  B) skill
  C) aptitude
  D) interest
  Show Answer
  The correct answer is B .
• Question 796: A machine which enable s sales without the physical presence of a sales attendant is a Options:
  A) computer machine
  B) vending machine
  C) telex machine
  D) fax machine
  Show Answer
  The correct answer is B .
• Question 797: One of the effects of the devaluation of the Naira is that the Options:
  A) goods that can be imported with the naira have become cheaper
  B) value of other currencies relative to the naira have become cheaper
  C) goods that can be exported from Nigeria have become costlier
  D) imports that can be bought with the naira have become costlier
  Show Answer
  The correct answer is D .
• Question 798: The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through? Options:
  A) public relations
  B) advertising
  C) sales promotion
  D) rebranding
  Show Answer
  The correct answer is A .
• Question 799:

  The instruments of credit include

  Options:
  A) billboards and postal stamps
  B) payment vouchers and statement of account
  C) bills of exchange and salary voucher
  D) bills of exchange and promissory notes
  Show Answer
  The correct answer is D .
• Question 800: A trend in retailing which enables consumers to have free access to different products is? Options:
  A) after-sales services
  B) branding
  C) self-services
  D) vending machine
  Show Answer
  The correct answer is C .