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JAMB and WAEC Commerce questions: Commerce and its scope

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

AllJAMBWAEC
All topicsAdvertising and marketing · 32Business management and environment · 32Commerce and its scope · 31Communication · 33Computers and ICT in business · 29Consumer protection · 30Documents used in trade · 34Elements of commercial law · 31Financing a business · 32Foreign trade · 40Forms of business organisation · 40Home trade: retail and wholesale · 40Insurance · 39Money and banking · 40Occupation and production · 33The stock exchange · 34Transport · 33Warehousing · 28

  1. Question 1· Commerce and its scope· JAMB

    Commerce is best described as the

    Explanation and discussion

  2. Question 2· Commerce and its scope· WAEC

    Commerce has developed in Nigeria partly because of

    Explanation and discussion

  3. Question 3· Commerce and its scope· WAEC

    A major problem of barter is the

    Explanation and discussion

  4. Question 4· Commerce and its scope· JAMB

    The barrier of distance between producers and consumers is removed mainly by

    Explanation and discussion

  5. Question 5· Commerce and its scope· WAEC

    Insurance removes the hindrance of

    Explanation and discussion

  6. Question 6· Commerce and its scope· WAEC

    Banking, insurance and transport are grouped in commerce as

    Explanation and discussion

  7. Question 7· Commerce and its scope· JAMB

    The hindrance of risk to trade is removed by

    Explanation and discussion

  8. Question 8· Commerce and its scope· JAMB

    In pre-colonial Nigeria, cowrie shells were used as

    Explanation and discussion

  9. Question 9· Commerce and its scope· JAMB

    Which of the following is NOT an aid to trade?

    Explanation and discussion

  10. Question 10· Commerce and its scope· JAMB

    The hindrance of ignorance in trade is removed by

    Explanation and discussion

  11. Question 11· Commerce and its scope· WAEC

    Barter is the

    Explanation and discussion

  12. Question 12· Commerce and its scope· JAMB

    The hindrance of risk in trade is removed by

    Explanation and discussion

  13. Question 13· Commerce and its scope· JAMB

    The hindrance of time between production and consumption is removed mainly by

    Explanation and discussion

  14. Question 14· Commerce and its scope· WAEC

    Warehousing removes the hindrance of

    Explanation and discussion

  15. Question 15· Commerce and its scope· JAMB

    Distance between producers in Kano and consumers in Lagos is a hindrance removed mainly by

    Explanation and discussion

  16. Question 16· Commerce and its scope· JAMB

    Which branch of commerce links producers and consumers through buying and selling?

    Explanation and discussion

  17. Question 17· Commerce and its scope· WAEC

    Trade is the

    Explanation and discussion

  18. Question 18· Commerce and its scope· JAMB

    Commercial occupations are those concerned with

    Explanation and discussion

  19. Question 19· Commerce and its scope· JAMB

    Barter was common in pre-colonial markets because

    Explanation and discussion

  20. Question 20· Commerce and its scope· JAMB

    Trade and the aids to trade together make up

    Explanation and discussion

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