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 811:

  The most important resources of business is_______

  Options:
  A) Human resources
  B) Money resources
  C) Material resources
  D) Opportunities
  Show Answer
  The correct answer is A .
• Question 812:

  Services rendered to the public is provided by

  Options:
  A) domestic servants
  B) civil servants
  C) government
  D) professionals
  Show Answer
  The correct answer is B .
• Question 813:

  Hire purchase is advantageous to the seller in that

  Options:
  A) it elevates his living standard
  B) people pay on installment
  C) his turnover will increase
  D) it enhances high level of patronage
  Show Answer
  The correct answer is D .
• Question 814: The most widely used computer language that focuses on solving science-oriented problems is? Options:
  A) FORTRAN
  B) BASIC
  C) ADA
  D) COBOL
  Show Answer
  The correct answer is A .
• Question 815: The rate at which a country's exports exchange for its imports is called Options:
  A) balance of payments
  B) balance of trade
  C) terms of payment
  D) terms of trade
  Show Answer
  The correct answer is D .
• Question 816:

  Payment made to a carrier for transportation of goods is

  Options:
  A) freight
  B) fee
  C) fare
  D) duty
  Show Answer
  The correct answer is A .
• Question 817: The most reliable and efficient means of conveying urgent documents is through Options:
  A) postal order
  B) ordinary letters
  C) registered letters
  D) courier services
  Show Answer
  The correct answer is D .
• Question 818: The acronym PLC is used to identify a? Options:
  A) company limited by shares
  B) private company limited by shares
  C) public company limited by shares
  D) company limited by guarantee
  Show Answer
  The correct answer is C .
• Question 819:

  The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is

  Options:
  A) consolidation
  B) rejuvenation
  C) diversification
  D) focus
  Show Answer
  The correct answer is A .
• Question 820: In which of the following sets of occupations can an industrial worker be found? Options:
  A) extraction commerce and construction
  B) manufacturing extraction and banking
  C) construction, quarrying and insurance
  D) manufacturing , extraction and construction
  Show Answer
  The correct answer is D .