JAMB and WAEC Commerce questions

611 questions with answers and explanations. Tap an option to check yourself.

1. Question 81· Commerce and its scope· WAEC

   Trade is the

   • Abuying and selling of goods and services
   • Btransporting of goods only
   • Cmaking of goods
   • Dstoring of goods

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   Explanation and discussion

2. Question 82· Commerce and its scope· JAMB

   Commercial occupations are those concerned with

   • Adistribution of goods and services
   • Bextraction of raw materials
   • Cmanufacturing only
   • Dconstruction only

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   Explanation and discussion

3. Question 83· Commerce and its scope· JAMB

   Barter was common in pre-colonial markets because

   • Agoods were plentiful
   • Bthere was no generally accepted currency
   • Cbanks were many
   • Dmoney was cheap

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   Explanation and discussion

4. Question 84· Commerce and its scope· JAMB

   Trade and the aids to trade together make up

   • Aindustry
   • Bcommerce
   • Cproduction
   • Doccupation

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   Explanation and discussion

5. Question 85· Commerce and its scope· JAMB

   Which of these activities is part of trade rather than an aid to trade?

   • Ainsurance
   • Bretailing
   • Cbanking
   • Dadvertising

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   Explanation and discussion

6. Question 86· Commerce and its scope· WAEC

   Barter is difficult when the goods to be exchanged

   • Aare cheap
   • Bcannot be divided easily
   • Care plentiful
   • Dare light

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   Explanation and discussion

7. Question 87· Commerce and its scope· WAEC

   Commerce is made up of trade and

   • Aaids to trade
   • Bproduction
   • Cagriculture
   • Dmining

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   Explanation and discussion

8. Question 88· Commerce and its scope· WAEC

   Which of these hindrances to trade is removed by transport?

   • Arisk of loss
   • Black of finance
   • Cdistance between producers and consumers
   • Dlack of information

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   Explanation and discussion

9. Question 89· Commerce and its scope· WAEC

   Commerce bridges the gap between

   • Ateachers and students
   • Bproducers and consumers
   • Cdoctors and patients
   • Dparents and children

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   Explanation and discussion

10. Question 90· Commerce and its scope· WAEC

    A function of commerce is to

    • Agrow food crops
    • Bmake goods available where they are needed
    • Cmine minerals
    • Dmanufacture cars

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    Explanation and discussion

11. Question 91· Commerce and its scope· WAEC

    The branch of commerce that deals with the buying and selling of goods is

    • Aindustry
    • Btrade
    • Caids to trade
    • Dextraction

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    Explanation and discussion

12. Question 92· Commerce and its scope· WAEC

    Commerce is concerned with

    • Amanufacturing only
    • Bgrowing crops
    • Cdistributing goods and services from producers to consumers
    • Dmining

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    Explanation and discussion

13. Question 93· Commerce and its scope· WAEC

    Which of these is an aid to trade?

    • Afarming
    • Bbanking
    • Cfishing
    • Dmining

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    Explanation and discussion

14. Question 94· Commerce and its scope· WAEC

    The problem in barter of finding someone who has what you want and wants what you have is called

    • Aspecialisation
    • Bdivision of labour
    • Copportunity cost
    • Ddouble coincidence of wants

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    Explanation and discussion

15. Question 95· Commerce and its scope· JAMB

    Which of the following is an aid to trade?

    • ARetailing
    • BManufacturing
    • CMining
    • DInsurance

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    Explanation and discussion

16. Question 96· Communication· WAEC

    Poste restante is a postal service for

    • Asending money abroad
    • Btravellers who collect their mail at a post office
    • Cdelivering parcels to homes
    • Dinsuring letters

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17. Question 97· Communication· JAMB

    NIPOST stands for

    • ANigerian Postal Service
    • BNigerian Port Services
    • CNational Insurance Post
    • DNigerian Police Station

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18. Question 98· Communication· WAEC

    A business can hold a meeting with people in different cities by

    • Abarter
    • Btelegram only
    • Cvideo conferencing
    • Dwarehousing

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    Explanation and discussion

19. Question 99· Communication· WAEC

    Electronic mail allows messages to be

    • Adelivered by hand only
    • Bsent instantly over the internet
    • Csent by pigeon
    • Dposted by sea

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20. Question 100· Communication· WAEC

    Which of these is an electronic means of communication?

    • Ae-mail
    • Ba posted letter
    • Ca paper memo
    • Da notice board

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    Explanation and discussion