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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
Home
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Commerce
Commerce Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
Production
Meaning and types: Primary, secondary, tertiary
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Business Units
Meaning and objectives of business
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Characteristics, formation, advantages and disadvantages
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Choice of business units
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Business Capital and Finance
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Sources of finance
Problems of sourcing finance
Role of Bureau de Change
Trade Associations and Economic Groups
Trade and manufacturer associations
Chambers of Commerce
Employers’, Consumers’ and Manufacturers’ associations
Economic groups: ECOWAS, IMF, IBRD, UNCTAD, etc.
Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
Wholesale trade: Types, functions
Warehousing: Types, functions
Channels of distribution
Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
Barriers to international trade
Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
Advertising
Banking
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Finance and Financial Institutions
Money
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Credit unions and thrift societies
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Meaning, importance and functions
Marketing concept and mix
Market segmentation
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Personal selling
Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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66
Consumer sovereignty means that they consumer is
A.
a citizen
B.
always independent
C.
always wrong
D.
always right
View Answer & Discuss (3)
JAMB 1995
67
When an industry or company is nationalized, the state becomes
A.
the major shareholder
B.
the mini shareholder
C.
the only shareholder
D.
an equal shareholder with other individuals
View Answer & Discuss
JAMB 1995
68
The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of
A.
privatization
B.
commercialization
C.
indigenization
D.
nationalization
View Answer & Discuss (1)
JAMB 1995
69
Which of the following organizations represents those who engages labour in Nigeria?
A.
Nigerian Labour Congress
B.
Nigerian Employers Consultative Association
C.
Manufacturers Association of Nigeria
D.
Nigerian Union of Local Government Employees
View Answer & Discuss (5)
JAMB 1995
70
The practice of assessing employees for payment or advancement according to their observed achievement is called
A.
employee ranking
B.
merit rating
C.
job grading
D.
employee education
View Answer & Discuss (2)
JAMB 1995
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