Commerce Exam Questions for SS1 Third Term

Commerce Exam Questions for SS1 Third Term include Objectives and Theories with their Answers gleaned from Standard Exam Question Formats like WAEC, NECO, JAMB, etc
Main Topics used in preparing the Exam Questions are:

1. Warehousing
2. Tourism
3. Public Enterprise
4. Communication
5. Transportation
6. Insurance

1. The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is —
   A. indemnity
   B. contribution
   C. proximate cause
   D. uberrimae fidei
2. Sea vessels that do not operate on regular times and routes are —
   A. tramps
   B. ocean liners
   C. container ships
   D. ferries
3. Payment made to a carrier for transportation of goods is —
   A. frights
   B. fee
   C. fare
   D. duty
4. An advantage of rail transport is that it —
   A. is less expensive to maintain
   B. is not prone to delays
   C. carries bulky and heavy goods
   D. enhances door-to-door delivery
5. The commission on a postal order is —
   A. tariff
   B. poundage
   C. brokerage
   D. fee
6. Consumers could be encouraged to purchase a company’s products through —
   A. research
   B. planning
   C. distribution
   D. advertisement
7. Advertisement which is geared towards a particular audience is —
   A. direct advertising
   B. indirect advertising
   C. mass advertising
   D. persuasive advertising
8. An insurance policy which is not a contract of indemnity is —
   A. burglary insurance
   B. fire insurance
   C. life insurance
   D. motor insurance
9. When a company insures the lives of all its employees collectively, the policy is —
   A. accident insurance
   B. fleet insurance
   C. fidelity guarantee insurance
   D. group insurance
10. A specially-designed mode of transport for conveying liquid and gas is a —
    A. coaster
    B. tanker
    C. liner
    D. ferry
11. The safe keeping of goods produced until they are needed is —
    A. hoarding
    B. marking
    C. packaging
    D. warehousing
12. A paid presentation about a product with a view to encouraging buyers by an identified sponsor is —
    A. publicity
    B. personal selling
    C. sales promotion
    D. advertisement
13. The face-to-face meeting of the seller with the buyer for the purpose of making sales is —
    A. mass selling
    B. impulse buying
    C. personal selling
    D. sales promotion
14. A medium of inter-departmental communication is —
    A. intercom
    B. notice board
    C. radiophone
    D. circular
15. The insurance policy taken to cover dishonesty of account personnel of an organisation is —
    A. employers’ liability
    B. fidelity guarantee
    C. life endowment
    D. marine insurance
16. Informative advertising is aimed at —
    A. giving advice on the use of a product
    B. influencing customers to buy a product
    C. giving gifts to attract customers
    D. encouraging specific customers to buy a product
17. A cheap means of carrying bulky goods over long distance is by —
    A. rail
    B. road
    C. air
    D. pipeline
18. An advertisement method whose objective is to convince customers to buy a product is —
    A. informative advertisement
    B. persuasive advertising
    C. competitive advertising
    D. mass advertisement
19. Activities undertaken to create awareness of a product by giving out samples or gifts is —
    A. marketing mix
    B. marketing concepts
    C. window display
    D. sales promotion
20. Which of the following is the modern means of communication?
    A. grape vine
    B. email
    C. whistles
    D. town crier