Free Commerce Exam Questions and Answers for SS3

These Commerce question and answers were pulled from our book ( Commerce questions for SS3); Compiled to serve as a reference material to help teachers draw up test and exam questions faster. It could also help students assess their level of exam preparation. Each sample question includes correct answers.

Sample Commerce Exam Questions and Answers

TOPIC: ADVERTISING AND SALES PROMOTION
DIRECTION: Choose the correct answer from the lettered options.

1. Which of the following is a more suitable medium for advertising a new tractor?
A. Radio
B. Poster
C. Neon sign
D. Trade fair

2. An advertisement which seeks to persuade consumers to use a particular product in preference to another is _______
A. competitive
B. direct
C. informative
D. indirect
E. persuasive

3. The management function that has to do with the recruitment of workers comes under _______
A. adminstration
B. controlling
C. organising
D. planning
E. staffing

4. _____involves the setting of a high initial price and later reducing it when the product is no longer a novelty or due to high competition.
A. Product line promotion
B. Promotion
C. Marketing skimming
D. Market penetrating pricing

5. The Legal document that gives an individual power to protect his own piece of invention is called _______
A. copy right
B. license
C. patent right
D. trade mark

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TOPIC: ECONOMIC GROUPINGS
DIRECTION: Choose the correct answer from the lettered options.

1. Which of the following is NOT a foundational member of OPEC?
A. Iran
B. Kuwait
C. Saudi Arabia
D. Nigeria

2. The membership of ECOWAS as at October 2008 consists of ______
A. 14 countries
B. 15 countries
C. 16 countries
D. 17 countries

3. The Council of Ministers as an organ of the ECOWAS has _____
A. a representation of two ministers from each member state
B. a representation of the presidents of each country
C. a representation of four ministers from each member state
D. a representation of only the Nigerian and Ghanaian foreign ministers

4. The membership of African Development Bank (ADB) comprises _______
A. West Africa countries alone
B. all the africa countries
C. northern africa countries alone
D. none of the above

5. Which of the following organisations functions with respect to correcting a country’s balance of payment deficit?
A. ECOWAS
B. UNICEF
C. UNCTAD
D. IMF
E. EEC