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Commerce Past Questions | JAMB, WAEC, NECO and Post UTME Past Questions

Commerce is an organized system for the exchange of goods between buyers and sellers. Commerce students study of the process and activity of buying and selling goods and services, especially on a large scale. 

Study the following Commerce past questions and answers for JAMB, WAEC, NECO and Post UTME. Prepare yourself with official past questions and answers for your upcoming examinations.

JAMB Syllabus for Commerce

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Question 1

An unconditional order by a creditor to a debtor requiring payment on a specified date is called

Options

A)
promissory note
B)
letter of credit
C)
money order
D)
bill of exchange
Comments (3)

Question 2

The effective dissemination of information about products is a social responsibility of a company to its

Options

A)
shareholders
B)
management
C)
consumers
D)
employees
Comments (2)

Question 3

The trade that takes place when imported goods are re-exported is known as

Options

A)
entrepot trade
B)
import trade
C)
export trade
D)
visible trade
Comments (3)

Question 4

Commerce aids the development of any economy as it

Options

A)
provides for proper accountability
B)
improves the living standard
C)
enhances the even distribution of wealth
D)
encourages the reduction of inflation
Comments (3)

Question 5

commerce-1

From the diagram above, what does I stand for?

Options

A)
Aids to trade
B)
Publicity
C)
Home trade
D)
Advertising
Comments (6)

Question 6

A core investor in the current phase of privatization in Nigeria is one who?

Options

A)
can afford to buy most of the shares of the enterprises
B)
will be at the core of the enterprises
C)
can mobilize foreign currency equivalent to the value of the enterprises
D)
has the technical know-how of the enterprises
Comments (1)

Question 7

The agency in Nigeria which ensures that products conform to government quality specifications is the?

Options

A)
Standards Organization of Nigeria
B)
Nigerian Consumers’ Association
C)
Manufacturers’ Association of Nigeria
D)
Nigerian Chamber of commerce
Comments (2)

Question 8

Awarding scholarships and sponsoring sports by a business organization are example of?

Options

A)
advertising strategy
B)
economic responsibility
C)
marketing strategy
D)
social responsibility
Comments (2)

Question 9

The commercialization of public enterprises is aimed at

Options

A)
increasing efficiency and making the enterprises self-sufficient
B)
advertising and promoting the goods and services of the enterprises
C)
increased assistance and patronage of the enterprises by the public
D)
selling the goods and services of the enterprises
Comments (2)

Question 10

An author’s exclusive right to his published and unpublished works is known as?

Options

A)
authors right
B)
constitution right
C)
patent right
D)
copyright
Comments (1)
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