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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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Meaning and types: Primary, secondary, tertiary
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Business Units
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Sources of finance
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Trade Associations and Economic Groups
Trade and manufacturer associations
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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
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Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
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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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2271
Which of the following is not a means of water transport
A.
Liner
B.
Tanker
C.
Truck
D.
Barge
View Answer & Discuss
WAEC 2007
2272
Which of the following provides evidence of receipt of an important document sent through the post?
A.
Recorded delivery service
B.
Air mail service
C.
Letter post
D.
Express delivery service
View Answer & Discuss
WAEC 2007
2273
Which of the following is an advantage of transportation by sea?
A.
Goods can be delivered from door to door
B.
it is a cheaper means of transporting goods
C.
it is accident free
D.
it is the fastest means of transport
View Answer & Discuss
WAEC 2007
2274
Which of the following refers to the division of market into identifiable sub-markets
A.
Market research
B.
Market segmentation
C.
Market penetration
D.
Marketing mix
View Answer & Discuss
WAEC 2007
2275
A specialist on the stock exchange who buys and sells securities in his own name is a
A.
Stag
B.
Bull
C.
Broker
D.
Jobber
View Answer & Discuss
WAEC 2007
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