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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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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
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Trade Associations and Economic Groups
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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
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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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1831
An agent who guarantees payments for goods sold is
A.
a factor
B.
a del credere agent
C.
a broker
D.
a partner
E.
an aunctioneer
View Answer & Discuss
WAEC 1996
1832
Dumping means selling goods abroad
A.
at a lower price than in the home market
B.
at a higher price than in the home market
C.
at the same price as in the home market
D.
on credit in the foreign market
E.
for ready cash in the foreign market
View Answer & Discuss
WAEC 1996
1833
Which of the following are functions of marketing?
A.
Buying, fnancing, selling and transporting
B.
Sorting, grading, managing and storage
C.
Risk-bearing, storage, production and promotion
D.
Organizing, risk-bearing, transporting and storage
E.
Production, promotion, distribution and pricing
View Answer & Discuss
WAEC 1996
1834
Extractive occupation is an example of
A.
construction industry
B.
manufacturing industry
C.
tertiary industry
D.
primary industry
E.
secondary industry
View Answer & Discuss
WAEC 1997
1835
The fastest means of sending a printed message from Lagos to London is through
A.
aeroplane
B.
telephone
C.
cablegram
D.
telex
E.
courier
View Answer & Discuss
WAEC 1997
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