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Thursday, 26 February 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 1:
Commerce is defined as the study of how
  • A Man utilizes the resources in his physical environment
  • B Man produces, distributes and consumes his goods and services
  • C Man buys, sells and distributes goods and services
  • D Raw materials are changed into finished goods
View Answer & Explanation
Question 2:
The type of activity which turns processed raw materials into consumer and industrial goods is described as
  • A extractive
  • B manufacturing
  • C C. constructive
  • D processing
View Answer & Explanation
Question 3:
The production process that combines two or more raw materials into one end product is
  • A Conditioning
  • B blending
  • C merging
  • D synthesis
View Answer & Explanation
Question 4:
A demonstration of social responsibility by a business is the payment of
  • A taxes to government
  • B dividends to shareholders
  • C interests on loans
  • D premium on insurance
View Answer & Explanation
Question 5:
A distinguishing characteristics of a limited liability company is that it
  • A is a collection of many sole proprietors
  • B is a multiple partnership
  • C Can sue and be sued
  • D has limited resources
View Answer & Explanation