JAMB CommercePast Questions & Explanations

Practice 181+ JAMB Commerce questions from the SuperPrep question bank. Every question comes with a full explanation so you learn the method, not just the answer.

1. 1.

   Commerce is best defined as the study of?

   1. A.Agriculture
   2. B.Trade and distribution of goods and services
   3. C.Manufacturing only
   4. D.Mining activities

   Show explanation

   Commerce deals with trade and the distribution of goods and services from producers to consumers.
2. 2.

   Which of the following is NOT a function of commerce?

   1. A.Buying and selling
   2. B.Transportation of goods
   3. C.Production of goods
   4. D.Warehousing

   Show explanation

   Production is not part of commerce; it is part of industry.
3. 3.

   Commerce helps to bridge the gap between?

   1. A.Farmers and teachers
   2. B.Producers and consumers
   3. C.Doctors and patients
   4. D.Students and schools

   Show explanation

   Commerce connects producers and consumers through trade and distribution.
4. 4.

   Which of the following is a branch of commerce?

   1. A.Agriculture
   2. B.Trade
   3. C.Fishing
   4. D.Construction

   Show explanation

   Trade is a major branch of commerce.
5. 5.

   The activities involved in buying and selling goods are known as?

   1. A.Production
   2. B.Commerce
   3. C.Extraction
   4. D.Manufacturing

   Show explanation

   Commerce includes all activities involved in buying and selling goods.
6. 6.

   Which of the following is part of commerce?

   1. A.Transportation
   2. B.Farming
   3. C.Mining
   4. D.Fishing

   Show explanation

   Transportation is a commercial service that helps distribution of goods.
7. 7.

   Commerce is important because it?

   1. A.Stops trade
   2. B.Facilitates distribution of goods
   3. C.Reduces production
   4. D.Eliminates buyers

   Show explanation

   Commerce ensures goods are distributed from producers to consumers.
8. 8.

   Which of the following is NOT a service in commerce?

   1. A.Banking
   2. B.Insurance
   3. C.Farming
   4. D.Advertising

   Show explanation

   Farming is a primary production activity, not a commercial service.
9. 9.

   Commerce is divided mainly into?

   1. A.Trade and Aids to Trade
   2. B.Agriculture and Industry
   3. C.Banking and Farming
   4. D.Mining and Construction

   Show explanation

   Commerce is broadly divided into trade and aids to trade.
10. 10.

    Which of the following is an aid to trade?

    1. A.Production
    2. B.Warehousing
    3. C.Farming
    4. D.Fishing

    Show explanation

    Warehousing helps in storing goods until they are needed.

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11. 11.

    The role of commerce in an economy is to?

    1. A.Stop production
    2. B.Facilitate exchange of goods
    3. C.Reduce transportation
    4. D.Limit consumption

    Show explanation

    Commerce facilitates the exchange and distribution of goods and services.
12. 12.

    Which of the following is a commercial occupation?

    1. A.Teaching
    2. B.Banking
    3. C.Farming
    4. D.Fishing

    Show explanation

    Banking is a commercial service that supports trade.
13. 13.

    Commerce deals mainly with?

    1. A.Production of goods
    2. B.Exchange of goods and services
    3. C.Extraction of raw materials
    4. D.Construction of buildings

    Show explanation

    Commerce focuses on the exchange and distribution of goods and services.
14. 14.

    Which of the following best describes trade?

    1. A.Production of goods
    2. B.Buying and selling of goods
    3. C.Storage of goods
    4. D.Advertising goods

    Show explanation

    Trade involves buying and selling of goods and services.
15. 15.

    Advertising in commerce is important because it?

    1. A.Destroys demand
    2. B.Creates awareness of goods
    3. C.Stops production
    4. D.Increases taxes

    Show explanation

    Advertising informs consumers about available goods and services.
16. 16.

    Which of the following helps in storing goods for future use?

    1. A.Banking
    2. B.Warehousing
    3. C.Insurance
    4. D.Transportation

    Show explanation

    Warehousing ensures goods are stored safely for future use.
17. 17.

    Insurance in commerce is used to?

    1. A.Increase production
    2. B.Reduce risks in business
    3. C.Stop trade
    4. D.Promote farming

    Show explanation

    Insurance protects businesses against risks and losses.
18. 18.

    Which of the following is NOT part of commerce?

    1. A.Trade
    2. B.Banking
    3. C.Insurance
    4. D.Fishing

    Show explanation

    Fishing is a primary production activity, not commerce.
19. 19.

    The movement of goods from producers to consumers is called?

    1. A.Production
    2. B.Distribution
    3. C.Extraction
    4. D.Consumption

    Show explanation

    Distribution is the movement of goods to consumers.
20. 20.

    Commerce is essential to the economy because it?

    1. A.Stops trade
    2. B.Connects producers and consumers
    3. C.Eliminates goods
    4. D.Reduces demand

    Show explanation

    Commerce links production and consumption in the economy.