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: Resources obtained from the extractive sector that are transformed into finished products are examples of? Options:
  A) primary production
  B) tertiary production
  C) direct production
  D) secondary production
  Show Answer
  The correct answer is A .
• Question 82:

  A form of money which was not used in the early days of trade is

  Options:
  A) tobacco
  B) metal bars
  C) cowries
  D) coins
  Show Answer
  The correct answer is C .
• Question 83: Which of the following best describes the classification of computer? Options:
  A) Mini-computer, speed and size
  B) Micro-computer, cost and abilities
  C) Mini-computer, Micro-computer and work station
  D) Mini-computer , hybrid and digital
  Show Answer
  The correct answer is C .
• Question 84: When two or more companies agree to execute a project too large for one to handle, this is referred to as? Options:
  A) an amalgamation
  B) a cartel
  C) a merger
  D) a consortium
  Show Answer
  The correct answer is D .
• Question 85:

  The policy used when contracts are awarded as a result of tender is________

  Options:
  A) market penetration
  B) market skimming
  C) Bid Pricing
  D) Product Line Pricing
  Show Answer
  The correct answer is C .
• Question 86: The principle of span of control stipulates that Options:
  A) an employee should report to only one superior
  B) manager must demand accountability from their surbordinates
  C) resources have to be economized within the various division
  D) the number of employee reporting to one superior should be kept to workable maximum
  Show Answer
  The correct answer is D .
• Question 87: A bill of exchange already accepted can be discounted by the holder in? Options:
  A) the central bank
  B) at least two banks
  C) his bank
  D) any bank
  Show Answer
  The correct answer is D .
• Question 88:

  A debenture holder is entitled to

  Options:
  A) Dividend
  B) Interest
  C) commission
  D) Profit
  Show Answer
  The correct answer is B .
• Question 89: The service of a textile worker are an example of? Options:
  A) extractive activity
  B) commercial activity
  C) manufacturing
  D) construction
  Show Answer
  The correct answer is C .
• Question 90: The members of ECOWAS include? Options:
  A) Nigeria, Chad, Gabon and Cape Verde
  B) Burkina Faso, Nigeria and Ghana
  C) Guinea, Mali, Cameroun and Nigeria
  D) Togo, Niger, Nigeria and Ghana
  Show Answer
  The correct answer is D .