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 841:

  An agreement that is enforceable in law is

  Options:
  A) an offer
  B) a consideration
  C) a contract
  D) an acceptance
  Show Answer
  The correct answer is C .
• Question 842:

  Modern means of payment is greatly facilitated by

  Options:
  A) e-banking
  B) paper money
  C) credit transfer
  D) e-commerce
  Show Answer
  The correct answer is A .
• Question 843: In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to Options:
  A) increase profit of service providers
  B) protect the interest of government
  C) encourage more people into the business
  D) protect the interest of consumers
  Show Answer
  The correct answer is D .
• Question 844: The conversion of raw material into finished products creates Options:
  A) Marginal utility
  B) Place utility
  C) form utility
  D) time utility
  Show Answer
  The correct answer is C .
• Question 845: Most of the barriers to international trade have been eliminated through? Options:
  A) diversification
  B) globalization
  C) commercialization
  D) privatization
  Show Answer
  The correct answer is B .
• Question 846: The assets, liabilities and general management of a distressed bank may be taken over by? Options:
  A) International Bank for Reconstruction and development
  B) Nigeria Industrial Development Bank
  C) Nigeria Banks Deposit Insurance corporation
  D) Nigeria Bank for Commerce and Industry
  Show Answer
  The correct answer is C .
• Question 847:

  The growth of commerce is not enhanced by

  Options:
  A) development of modern forms of production
  B) government participation in business
  C) high population growth
  D) low per capita income
  Show Answer
  The correct answer is D .
• Question 848:

  Inbound tourism occurs when

  Options:
  A) residents of a country travel within it
  B) non-residents of a country travel to other countries
  C) residents of a country travel to other countries
  D) non-residents of a country travel within it
  Show Answer
  The correct answer is C .
• Question 849:

  I. Wholesaler

  Ii. Fishing

  Iii. Canning

  Iv. Retailing

  The sequence in which the occupational activities above are performed is?

  Options:
  A) iii, ii, i and iv
  B) iii, i, iv and ii
  C) i, ii, iii and iv
  D) ii, iii, i and iv
  Show Answer
  The correct answer is D .
• Question 850:

  

  In the communication process. Y represents

  Options:
  A) the encoder
  B) the medium
  C) the initator
  D) noise
  Show Answer
  The correct answer is C .