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 981:

  

  The capital owned is

  Options:
  A) ₦2,740
  B) ₦1,350
  C) ₦1,150
  D) ₦570
  Show Answer
  The correct answer is D .
• Question 982:

  Distribution of goods belongs to

  Options:
  A) Construction industry
  B) extractive industry
  C) manufacturing industry
  D) commercial industry
  Show Answer
  The correct answer is D .
• Question 983: The financial institution established to boost Nigeria's trade with the rest of the world is called Options:
  A) Nigerian Deposit Insurance Corporation
  B) Nigerian Economic Reconstruction Fund
  C) Nigerian Industrial Development Bank
  D) Nigerian Export-Import Bank
  Show Answer
  The correct answer is D .
• Question 984: Kabir receives two quotations. Ade quotes N 100 less 20% trade discount and 20% cash discount while Benson N100 less 30%trade discount and 10% cash discount. If Kabir wants to take advantage and cash discount, then Options:
  A) the material should be supplied by Ade
  B) the material should be supplied by both of them
  C) the material should be supplied by Benson
  D) Benson should be ask to reduce his trade discount
  Show Answer
  The correct answer is A .
• Question 985: The manufacturers' Association of Nigeria is an example of a? Options:
  A) labour union
  B) pressure group
  C) conglomerate
  D) cartel
  Show Answer
  The correct answer is B .
• Question 986: The variety of goods and services which a company offers for sale is its? Options:
  A) place mix
  B) promotion mix
  C) price mix
  D) product mix
  Show Answer
  The correct answer is D .
• Question 987: Which part of the computer system does the keyboard device belong to? Options:
  A) Output unit
  B) Logic unit
  C) Input unit
  D) Control unit
  Show Answer
  The correct answer is C .
• Question 988:

  A distinguishing characteristic of a limited liability company is that

  Options:
  A) is a collection of many sole proprietors
  B) is a multiple partnership
  C) has limited resources
  D) can sue and be sued
  Show Answer
  The correct answer is C .
• Question 989: The focal point of marketing is? Options:
  A) the competitior
  B) the buyer
  C) profit-making
  D) sales
  Show Answer
  The correct answer is D .
• Question 990: In every simple contract, the price which is paid to purchase a promise is called Options:
  A) offeree
  B) acceptance
  C) consideration
  D) representation
  Show Answer
  The correct answer is C .