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Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

4,313 questions
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Question 1 of 20 4,313 total questions
Question 261
jamb 2022
Commerce involves the exchange of goods and
Atrade secrets
Bideas only
Cservices
Draw materials only
Question 262
waec 2021

One of the aims of ECOWAS is to

Aprovide a market for stocks and shares
Bhave a common political system
Cfoster exchange of goods and services
Dcreate a common transport policy
View Explanation & Discuss
Question 263
waec 2021

The concept of determining the objectives of a business and stating how they can be actualized is 

Adirecting
Bmotivating
Corganizing
Dplanning
View Explanation & Discuss
Question 264
waec 2021

An inventor of a new machine for canning tomatoes can protect his product by 

Aobtaining a trademark
Bobtaining a patent
Clabelling the product
Dchoosing a brand name
View Explanation & Discuss
Question 265
waec 2021

An objective of the European Union is to

Aeliminate drug addiction in member countries
Beliminate tariffs and quotas among member countries
Cencourage migrant workers from developing countries
Dfight against child abuse in developing countries.
View Explanation & Discuss
Question 266
waec 2021

The income generated from tourism forms part of the country's 

Avisible imports
Bvisible exports
Cinvisible imports
Dinvisible exports
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Question 267
waec 2021

Trade fairs and exhibitions are media of

Asales promotion
Bmarket segmentation
Cmarket research
DCustomer service.
View Explanation & Discuss
Question 268
waec 2021

The practice of making a state firm more profit-oriented is

Aprivatization
Bnationalization
Cderegulation
Dcommercialization
View Explanation & Discuss
Question 269
waec 2021

A disadvantage of privatization is that 

Athere is reduction in the quality of goods
Bthere is incipiency in the supply of goods
Cthe existence of monopoly is high
Dthe profit motive outweighs public interest
View Explanation & Discuss
Question 270
waec 2021

The saying that the 'consumer is always right' describes the doctrine of

Acaveat emptor
Bconsumer sovereignty
Cconsumer protection
Dproximate cause
View Explanation & Discuss
Question 271
waec 2021

Which of the following is responsible for protecting consumers against poor quality goods 

AIndustrial tribunal
BManufacturers associations
CStandard organization of Nigeria
DTrade associations
View Explanation & Discuss
Question 272
waec 2021

One of the roles performed by middle managers is

Aformulation of objectives and strategies
Bimplementation of organizational plans
Creview and appraisal of operational results
Dreview of master plans, programmes, and budgets
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Question 273
waec 2021

The transfer of a government company to the public is 

Acommercialization
Blocalization
Cderegulation
Dprivatization
View Explanation & Discuss
Question 274
waec 2021

 A person who is for the purpose of bringing his principal into contractual relationship with third parties is 

Aa merchant 
Ba consignee 
Ca consignor
Dan agent
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Question 275
waec 2021

The main idea of the marketing concept is that all the firm's plans and operations should be 

Aproduct oriented
Bprice oriented
Cconsumer oriented
Dcompany oriented.
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Question 276
waec 2021

Which of the following business risks would an insurance firm not cover for an entrepreneur? 

ATheft
BFire
CLoss of goods in transit
DChange in consumers' taste
View Explanation & Discuss
Question 277
waec 2021

An advertising campaign by a chicken seller designed to sell his products at the expense of a beef seller is 

Acompetitive
Bdirect
Cinformative
Dpersuasive
View Explanation & Discuss
Question 278
waec 2021

Bonded warehouses are supervised by  

Aclearing and forwarding agents
Bcustoms and excise authorities
Cimmigration officers
Dposts Authorities
View Explanation & Discuss
Question 279
waec 2021

Which of the following instruments of payment could be used in international trade? 

APromissory note
BB. Postal order
CI. O.U
DBill of exchange
View Explanation & Discuss
Question 280
waec 2021

One of the qualities of tradable goods is 

Adivisibility
Bheterogeneity
Chomogeneity
Dperishability
View Explanation & Discuss
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