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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
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Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
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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
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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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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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451
The merger of a textile mill, a cement company and a tannery is referred to as?
A.
conglomerate merger
B.
horizontal merger
C.
lateral merger
D.
vertiical merger
View Answer & Discuss (1)
JAMB 2004
452
The most important function of commerce is?
A.
helping people to improve thir profits
B.
facilitaing exchanges among indiviuals and firms
C.
assisting trade through banking and insurance
D.
enhancing business relationships
View Answer & Discuss
JAMB 2004
453
The acronym PLC is used to identify a?
A.
company limited by shares
B.
private company limited by shares
C.
public company limited by shares
D.
company limited by guarantee
View Answer & Discuss
JAMB 2004
454
Commerce includes all the occupations concerned with?
A.
sales
B.
production
C.
marketing
D.
distribution
View Answer & Discuss
JAMB 2004
455
Factors of production can be described as the?
A.
resources required for the provision of goods and services
B.
skills involves in deciding and directing the flow of goods
C.
monetary tools employed by government to ensure stable production
D.
elements involved in the process of formulating policies on production
View Answer & Discuss
JAMB 2004
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