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 931:

  The Sole aim of government owned business is to

  Options:
  A) make profit
  B) provide services to the public
  C) spread environmental pollution
  D) manage action
  Show Answer
  The correct answer is B .
• Question 932:

  

  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 933:

  The provision of services is classified under

  Options:
  A) batch production
  B) flow production
  C) secondary production
  D) tertiary production
  Show Answer
  The correct answer is D .
• Question 934: The primary objective of consumer protection laws is to ensure that? Options:
  A) consumers derive maximum satisfaction from goods and services
  B) consumers buy goods and services at cheap rates
  C) manufacturers of goods and services provides overcome internal competition
  D) manufacturers of goods and services provides gets optimum profit
  Show Answer
  The correct answer is A .
• Question 935: In e-banking, ATM means Options:
  A) Authentic Teller Manchine
  B) Autmatic Teller Machine
  C) All-purpose Teller Machine
  D) Automated Teller Machine
  Show Answer
  The correct answer is D .
• Question 936: The body with the responsibility to register shares for subscription on the stock market in Nigeria is the? Options:
  A) Securties and Exchange Commission
  B) Nigerian Stock Exchange
  C) Nigerian Deposit Insurance Company
  D) Central Bank of Nigeria
  Show Answer
  The correct answer is A .
• Question 937:

  Average stock is derived by adding

  Options:
  A) closing stock to purchase divided by 2
  B) closing stock to opening stock
  C) opening stock to closing stock divided by 2
  D) opening stock to purchases
  Show Answer
  The correct answer is C .
• Question 938:

  The basic characteristics of co-operative society include all except one

  Options:
  A) It is managed democratically
  B) It follows the principle of one man
  C) Amateur Management
  D) Extra capital is raised through loan
  Show Answer
  The correct answer is C .
• Question 939: The basic elements of a valid contract are Options:
  A) offer, acceptance, consideration and witness
  B) offer, intention, acceptance and legality
  C) offer, acceptance, intention, capacity and legality
  D) offer, acceptance, capacity, legality and consideration
  Show Answer
  The correct answer is D .
• Question 940: One of the most important function of marketing is? Options:
  A) encouraging research activitiesto meets needs
  B) creating classesof merchant among businessmen
  C) the extension of market for businessmen
  D) providing finances to business
  Show Answer
  The correct answer is A .