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 901:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 902: An ancillary to trade which promotes socio - cultural development all over the world is Options:
  A) transportation
  B) communication
  C) tourism
  D) insurance
  Show Answer
  The correct answer is C .
• Question 903: The scope of economic activities can be enlarged by Options:
  A) transportation and trading
  B) business and its promotion
  C) trading and aids to trade
  D) insurance and banking
  Show Answer
  The correct answer is C .
• Question 904: A major hindrance to tourism growth in Nigeria is? Options:
  A) absence of genunie tour operators
  B) lack of tourism master plan
  C) inadequate tourist centres
  D) non-compliance to immigration laws
  Show Answer
  The correct answer is B .
• Question 905: The process of creating more for a product is called? Options:
  A) advertising
  B) marketing
  C) promotion
  D) consumerism
  Show Answer
  The correct answer is C .
• Question 906: Commission on turnover is usually a benefit accruable to the Options:
  A) drawer
  B) drawee
  C) payer
  D) payee
  Show Answer
  The correct answer is D .
• Question 907: One of the advantages of commercialization is that it? Options:
  A) encourages entrepreneuership
  B) increases the salaries of workers
  C) motivates governement to establish more business
  D) gives wortkers on-the-job training
  Show Answer
  The correct answer is A .
• Question 908: Which of the following is an example of a conglomerate? Options:
  A) National Electric Power Authority
  B) United Africa Company Nigeria Plc
  C) The Nigeria Railway Corporation
  D) First Bank of Nigeria Plc
  Show Answer
  The correct answer is B .
• Question 909: What document is required when a country imposes valorem import duties on goods? Options:
  A) mail transfer
  B) shipping note
  C) bill of lading
  D) consular invoice
  Show Answer
  The correct answer is B .
• Question 910:

  All activities that contribute towards making goods and services available to the people are

  Options:
  A) Economic activities
  B) Political activities
  C) Productive activities
  D) Business activities
  Show Answer
  The correct answer is C .