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    Commerce Ss1 1st Term

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    Engr Olu Akeushola
    This document contains a commerce exam for SS1 students with multiple choice and fill-in-the-blank questions (Parts A-B) testing knowledge of key commerce concepts like the definition of commerce, differences between domestic and foreign trade, factors that influence occupations and production. It also includes essay questions (Part C) requiring students to define terms like commerce, production, and the factors of production while outlining their importance. The exam aims to evaluate students' understanding of fundamental topics in commerce.

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    © All Rights Reserved
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    Commerce Ss1 1st Term

    Uploaded by

    Engr Olu Akeushola
    2K views3 pages
    This document contains a commerce exam for SS1 students with multiple choice and fill-in-the-blank questions (Parts A-B) testing knowledge of key commerce concepts like the definition of commerce, differences between domestic and foreign trade, factors that influence occupations and production. It also includes essay questions (Part C) requiring students to define terms like commerce, production, and the factors of production while outlining their importance. The exam aims to evaluate students' understanding of fundamental topics in commerce.

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    Ss1 commerce

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    This document contains a commerce exam for SS1 students with multiple choice and fill-in-the-blank questions (Parts A-B) testing knowledge of key commerce concepts like the definition of commerce, differences between domestic and foreign trade, factors that influence occupations and production. It also includes essay questions (Part C) requiring students to define terms like commerce, production, and the factors of production while outlining their importance. The exam aims to evaluate students' understanding of fundamental topics in commerce.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views3 pages

    Commerce Ss1 1st Term

    Uploaded by

    Engr Olu Akeushola
    This document contains a commerce exam for SS1 students with multiple choice and fill-in-the-blank questions (Parts A-B) testing knowledge of key commerce concepts like the definition of commerce, differences between domestic and foreign trade, factors that influence occupations and production. It also includes essay questions (Part C) requiring students to define terms like commerce, production, and the factors of production while outlining their importance. The exam aims to evaluate students' understanding of fundamental topics in commerce.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    GOD'S WILL COMPREHENSIVE COLLEGE

    18, Jimoh Adekoya close,off Taiwo Adebayo st., Ogijo,Ogun State.

    1ST TERM EXAMINATION

    SUBJECT: COMMERCE: CLASS: SS1

    PART A

    Fill in the gaps

    1. ________ are all the activities involved in the distribution and exchange of goods and services

    2. _______ and ______ are the two scope of commerce.

    3. Transport cost is lower in _____ trade.

    4. The process of importing goods and services for re-exporting to other countries is known as _______

    5. ______,______ and ______ are the ancillaries to trade.

    6. Home trade can also be referred to as _____ and _____.

    PART B

    Choose the best alternatives from A-C to fill the gap.

    7. Economic activities which people engage in to create goods and services in order to make a living is
    called _______. (a) commerce (b) Business (c) Occupation

    8. Which of these is not a factor that determines types of occupation? (a) salary (b) politics (c) Education

    9. All these except one is not a type of direct service? (a) police force (b) family doctors (c) barbers

    10. ______ makes trading possible by making funds available (a) Government (b) Banking (c) LAPO

    11. More complex documentation is required in ______ trade (a) Home (b) Foreign (c) Bilaterial

    12. ________ I'd the creation of goods and services which satisfy human wants (a) Specialisation (b)
    Production (c) Exchange

    13. All these are factors that determine the volume of production except one ?(a) Land available (b)
    Amount of capital (c) Market size

    14. _______ is the buying oland selling of goods and services beyond the geographical boundaries of a
    country. (a) Internal trade (b) International trade (c) Home trade

    15. There is no language barrier in ______ trade (a) External (b) International (c) Home.

    1
    16. ______ is the process of buying goods in large quantity or bulk from the producers and making them
    available.(a) Home trade (b) Retailing (c) Wholesaling.

    PART C

    Answer any four questions from this part.

    1ai. Define commerce

    ii. List six aids to trade.

    b. With the aid of a diagram, illustrate the scope of commerce.

    2a. In a tabular form state five differences between foreign and home trade.

    b. Highlight five functions of commerce.

    3a. What is occupation?

    b. State four factors that determines types of occupation.

    c. List two examples of each of these:

    i. Industrial workers

    ii. Manufacturing occupation

    4a. Define these terms:

    i. Land

    ii. Labour

    iii. Capital

    b. State four importance of production.

    5a.State two characteristics of each of the following

    i. Land

    ii. Labour

    iii. Capital

    b. What is primary production?

    c. Define production.

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    3

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