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: Printed messages sent by cable are recorded as Options:
  A) telegram
  B) SMS
  C) telex
  D) MMS
  Show Answer
  The correct answer is A .
• Question 902: The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is Options:
  A) arbitage
  B) franco
  C) contango
  D) backwardation
  Show Answer
  The correct answer is D .
• Question 903: A bank form used to transfer money from personal to creditor's account is called? Options:
  A) debits transfer form
  B) credit transfer form
  C) customers transfer form
  D) banks transfer form
  Show Answer
  The correct answer is A .
• Question 904:

  

  The organizational structure above represents

  Options:
  A) line and functional structure
  B) line and staff structure
  C) functional structure
  D) line structure
  Show Answer
  The correct answer is B .
• Question 905:

  A cheque is specially crossed if

  Options:
  A) the name of the account holder is written between two parallel lines drawn across it
  B) it could be paid over the counter
  C) the name of the bank is written between two parallel lines drawn across it
  D) only two parallel lines are drawn across it
  Show Answer
  The correct answer is C .
• Question 906: Motivation is an essential element in management because it Options:
  A) leads to the improvement of staff welfare
  B) encourage individual to work towards achieving the orgaization's objective
  C) reduce friction among employees in the process of achieving the company's objective
  D) helps to eliminate industrial disharmony
  Show Answer
  The correct answer is B .
• Question 907: Management is described as Options:
  A) getting things done through people
  B) implementing of business decision
  C) the numbers of levels in an organization
  D) the people in authority in an organization
  Show Answer
  The correct answer is B .
• Question 908:

  A chamber of commerce is an association made up of?

  Options:
  A) merchants
  B) manufacturers
  C) entrepreneurs
  D) importers
  Show Answer
  The correct answer is C .
• Question 909: Which of the following is an item in the marketing mix? Options:
  A) Demand
  B) promotion
  C) market
  D) consumer
  Show Answer
  The correct answer is B .
• Question 910: The basic function of the Nigeria Ports Authority is to? Options:
  A) ensure that the right calibre of personnel is employed at the ports
  B) coordinate and regulate the activities of shipping lines
  C) facilitate and control the movement of goods and services into and out of the country
  D) coordinate the activities of all the seaports in the country
  Show Answer
  The correct answer is D .