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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce
Commerce Past Questions
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Question Type:
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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
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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
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Meaning, importance and functions
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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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861
A telephone call within a town is called?
A.
home call
B.
trunk call
C.
district call
D.
zonal call
E.
local call
View Answer & Discuss
WAEC 1989
862
The body controlling the installation and maintenance of telephone in Nigeria is?
A.
NET
B.
ITT
C.
NITEL
D.
NIPOST
E.
NICON
View Answer & Discuss
WAEC 1989
863
A teleprinter is used to transit?
A.
important documents through the post office
B.
typed message quickly over long distance
C.
data to and form computer
D.
messages to areas within a locality
E.
information within a bank
View Answer & Discuss
WAEC 1989
864
Warehousing is one of the functions of the?
A.
wholesaler
B.
retailer
C.
Chamber of commerce
D.
Ministry of Trade and Industry
E.
Export Promotion Department
View Answer & Discuss
WAEC 1989
865
Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?
A.
F.O.R
B.
C & F
C.
F.A.S
D.
F.O.B
E.
C.I.F
View Answer & Discuss
WAEC 1989
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