Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,621.

Modern means of payment is greatly facilitated by

A.

e-commerce

B.

paper money

C.

e-banking

D.

credit transfer

Correct answer is C

E-banking; this is an online banking that allows a user to conduct financial transactions via the Internet. This has greatly impacted business transactions in a way that, sellers and buyers do not necessarily need to be in direct contact before transacting business

1,622.

Computers that process all data as binary zeros and ones are

A.

analog computers

B.

digital computers

C.

hybrid computers

D.

desktop computers

Correct answer is B

Digital Computers operate in binary, meaning they store data and perform calculations using only zeros and ones. A single binary digit can only represent True (1) or False (0) in boolean logic.Mar 22, 2018

1,623.

Which of the following is a type of system software

A.

utility programmes

B.

registers

C.

hard drives

D.

packages

Correct answer is A

No explanation has been provided for this answer.

1,624.

The process of decoding data in a computer is known as

A.

dilution

B.

default drive

C.

decryption

D.

data security

Correct answer is C

Decryption is the process of taking encoded or encrypted text or other data and converting it back into text that you or the computer can read and understand. 

1,625.

The body which ensures that consumers are protected against harmful products in Nigeria is

A.

NAFDAC

B.

NDLEA

C.

SON

D.

CPC

Correct answer is C

The Standard Organisation of Nigeria (SON) is the sole statutory body that is vested with the responsibility of standardising and regulating the quality of all products in Nigeria.