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 911: Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get? Options:
  A) Cash discount
  B) Trade discount
  C) Quantity discount
  D) Seasonal discount.
  Show Answer
  The correct answer is A .
• Question 912: 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 913: When a business enterprise provides free service to its environment, the service is said to be a Options:
  A) civic responsibility
  B) philanthropic consideration
  C) social responsibility
  D) political consideration
  Show Answer
  The correct answer is C .
• Question 914: A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by? Options:
  A) conduct
  B) necessity
  C) ratification
  D) estoppel
  Show Answer
  The correct answer is B .
• Question 915: An aspect of marketing that stimulates buying by providing free gifts is? Options:
  A) advertising
  B) personal selling
  C) publicity
  D) sales promotion
  Show Answer
  The correct answer is D .
• Question 916:

  One of the obstacles to achieving the objectives of ECOWAS is?

  Options:
  A) lack of a common currency
  B) colonial linkages
  C) sovereignty of state
  D) language difference
  Show Answer
  The correct answer is D .
• Question 917: 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 918: A characteristics of money which ensures that its value is not lost is? Options:
  A) homogeneity
  B) easy portability
  C) divisibility
  D) relative scarcity
  Show Answer
  The correct answer is D .
• Question 919: One of the facilities enjoyed by a current account holder is? Options:
  A) a dividend
  B) a bonus
  C) an overdraft
  D) interest on deposits
  Show Answer
  The correct answer is C .
• Question 920: Where a manufacturer collects money from wholesalers in exchange for goods produced is referred to as Options:
  A) charge account
  B) trading checks
  C) trade credit
  D) I owe you
  Show Answer
  The correct answer is C .