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 81: The main advantage of road transport is that it is Options:
  A) convenient and flexible
  B) cheap and direct
  C) common and fast
  D) safe and available
  Show Answer
  The correct answer is A .
• Question 82: Service which are of absolute monopoly can can best be proved by Options:
  A) private companies
  B) limited liability companies
  C) public companies
  D) public enterprises
  Show Answer
  The correct answer is D .
• Question 83: Who is the offeree in this contract ? Options:
  A) Musa
  B) Audu
  C) Adamu
  D) Jacob
  Show Answer
  The correct answer is C .
• Question 84: One of the functions of NACCIMA is? Options:
  A) negotiating with labour unions in matters of wages and conditions of service
  B) pooling of members' resources for long-term investment
  C) disseminating information to members on matters relating to tariffs
  D) ensuring uniformity in labour matters and industrial relations
  Show Answer
  The correct answer is D .
• Question 85: Staff position in an organization borders on Options:
  A) authority
  B) advice
  C) responsibility
  D) control
  Show Answer
  The correct answer is C .
• Question 86: Money can be simply be referred to as a Options:
  A) measure of value
  B) standard of value
  C) means of settlement
  D) durable asset for doing business
  Show Answer
  The correct answer is A .
• Question 87: The production of goods and services in anticipation of demand is made possible by _______ Options:
  A) packaging
  B) warehousing
  C) branding
  D) advertising
  Show Answer
  The correct answer is B .
• Question 88: A per-requiste for admission into the Second Tier Securities Market is for a company to? Options:
  A) make 20% of its equity share available to the public for subscription
  B) have a minimum of 100 shareholders
  C) have a maximum of 100 shareholders
  D) make 10% of its equity share available to thee public for subscription
  Show Answer
  The correct answer is D .
• Question 89: The measure of independence available to the individual business unit that come together is the main different between Options:
  A) veritcal and horizontal integration
  B) mergers and acquisition
  C) consortium and almalgamation
  D) trust and cartel
  Show Answer
  The correct answer is B .
• Question 90:

  The difference between a chamber of commerce and a trade association is that the former

  Options:
  A) is not restricted to a particular industry
  B) is a branch of trade that sells product
  C) consists of members engaged in the same trade
  D) are association of individuals or firms
  Show Answer
  The correct answer is A .