Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

1

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its ______

  • A. economic responsibilities
  • B. marketing responsibilities
  • C. social responsibilities
  • D. managerial responsibilities
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2

Any activity directed at conveying commodities to buyers is an aspect _________

  • A. selling
  • B. delivering
  • C. advertising
  • D. marketing
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3

Factors considered when setting up a retail business is one of the following _________

  • A. capital, experience and trading
  • B. experience, term of trade, and trading
  • C. capital, trading and term of trade
  • D. capital, type of goods and source of supply
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4

The production of goods and services in anticipation of demand is made possible by _______

  • A. packaging
  • B. warehousing
  • C. branding
  • D. advertising
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5

The effects of devaluation includes all except _______

  • A. exports become cheaper
  • B. expansion of local industries
  • C. increase in standard of living
  • D. increase in import
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6

Land as a factor of production does not vary in _______

  • A. quantity
  • B. nature
  • C. quality
  • D. cost
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7

The type of activity which turns processed raw materials into consumer and industrial goods is described as ________

  • A. extractive
  • B. manufacturing
  • C. constructive
  • D. processing
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8

The business unit that applies the principle of one man, one vote is ______

  • A. sole proprietorship
  • B. partnership
  • C. public company
  • D. co-operative society
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9

Which of the following is an item in the marketing mix?

  • A. Demand
  • B. promotion
  • C. market
  • D. consumer
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10

The scope of commerce is limited to ________

  • A. wholesale and entrepot trade
  • B. trade and aids-to-trade
  • C. wholesale and retail trade
  • D. home and foreign trade
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11

A system where customer patronage is sought by producing what they need is referred to as _______?

  • A. sales promotion
  • B. market promotion
  • C. product promotion
  • D. market orientation
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12

The Nigeria Stock Exchange consist of ______

  • A. primary and secondary-tier market
  • B. secondary and primary market
  • C. money and commodities market
  • D. commercial and mortgage market
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13

Risk bearing in business organisation is a function of the _____

  • A. employees
  • B. customers
  • C. entrepreneur
  • D. manager
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14

A demonstration of social responsibility by a business is the payment of _______

  • A. taxes to government
  • B. dividends to shareholder
  • C. interest on loans
  • D. premium on insurance
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15

The part of the computer that has the capacity to interpret instruction is _______

  • A. universal power storage
  • B. central processing unit
  • C. keyboard
  • D. monitor
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16

The production process that combines two or more raw materials into end product is

  • A. conditioning
  • B. blending
  • C. merging
  • D. synthesis
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17

One of the determinants of choice of occupation is ______

  • A. level of exposure
  • B. resources control
  • C. government policies
  • D. peer group
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18

The stock exchange is a market where _______

  • A. long-term securities are sold
  • B. all types of securities are sold
  • C. short-term securities are sold
  • D. medium term securities are sold
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19

The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __

  • A. Stroke
  • B. Consumerism
  • C. Picketing
  • D. Demonstration
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20

The differences between the central bank and commercial bank is that the former ______

  • A. discount treasury bills
  • B. give loans to the public
  • C. saves valuable of individual
  • D. serves as lender of last resort
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21

The process of buying and selling and distribution of goods and services is ______

  • A. retail trade
  • B. commerce
  • C. marketing concept
  • D. marketing
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