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Monday, 29 June 2026
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Commerce Past Questions and Answers

Post Utme Commerce Questions

Question 106:
Which of the following are the components of commerce?<br/>I. Trading and advertising<br/>II. Warehousing and transportation<br/>III. Packaging and branding<br/>IV. Insurance and banking.
  • A I and III
  • B II, II and IV
  • C I and II
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Question 107:
In the channel of distribution, which of the following sets is entirely made up of middlemen?
  • A Retailers, manufacturers and wholesalers.
  • B Wholesalers, agent and consumers.
  • C Wholesalers, retailers and agents.
  • D Manufacturers, consumers and retailers.
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Question 108:
Q acting as the agent of P, lawfully and reasonably incurs the ameunt of N350 as expenses. If Q comes to P for payment, this is an instance of P's duty to
  • A Repay Q
  • B Settle Q
  • C Remunerate Q
  • D Indemnify Q
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Question 109:
Which of the following services does a lawyer render?
  • A Indirect services
  • B Direct services,
  • C Industrial services
  • D Commercial services
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Question 110:
The application of division of labour should generally bring about
  • A Cost efficiency in the production of goods and Services
  • B Increase in the quantity of goods and services
  • C Increase in the variety of goods and services
  • D Cheapness of goods and services
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