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 831: The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of Options:
  A) Product concept
  B) Marketing concept
  C) Distribution concept
  D) Price concept
  Show Answer
  The correct answer is B .
• Question 832: Personal selling is used for the purpose of? Options:
  A) establishing the company
  B) providing information
  C) creating product awareness
  D) given financial assistance
  Show Answer
  The correct answer is C .
• Question 833: When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is Options:
  A) product
  B) price
  C) promotion
  D) place
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  The correct answer is D .
• Question 834: Which of the is a risk-free security? Options:
  A) Preference share
  B) Ordinary share
  C) Treasury bill
  D) Debenture
  Show Answer
  The correct answer is C .
• Question 835: Compulsory dissolution of a business can arise from Options:
  A) an agreement by the owners
  B) a declaration by a court of law
  C) the termination of its life
  D) an unfavourable economic climtate
  Show Answer
  The correct answer is B .
• Question 836: The mode of transportation that conveys a limited variety of products through fixed laid routes is? Options:
  A) waterways
  B) road
  C) rail
  D) pipeline
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  The correct answer is D .
• Question 837: The commercialization of public enterprises is aimed at? Options:
  A) increasing efficiency and making the enterprises self-sufficient
  B) advertising and promoting the goods and services of the enterprises
  C) increased assistance and patronage of the enterprises by the public
  D) selling the goods and services of the enterprises
  Show Answer
  The correct answer is A .
• Question 838: The two main categories under which marine losses fall into are? Options:
  A) particular loss and average loss
  B) actual loss and average loss
  C) total loss and partial loss
  D) voyage policy loss and time policy loss
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  The correct answer is C .
• Question 839:

  An agency contract must involve

  Options:
  A) a principal and a consumer
  B) a principal and an agent
  C) a principal and a producer
  D) a principal and a third party
  Show Answer
  The correct answer is B .
• Question 840:

  The maximum number of shareholders in a public liability company is

  Options:
  A) One hundred
  B) Unlimited
  C) Fifty
  D) Twenty
  Show Answer
  The correct answer is B .