Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 91: If a partnership deed is silent on how profits are to be shared, partners share profits Options:
  A) in the ratio of the value of business secured by each partner for the partnership
  B) in the ratio of partner capital contributions
  C) in an equal proportion irrespective of partners's capital contributons
  D) according to duties performed by each partner
  Show Answer
  The correct answer is C .
• Question 92: A major disadvantage of the privatization policy is that? Options:
  A) the economy would be private-sector-led
  B) citizens would benefit less from government
  C) more money would be bought into circulation
  D) government would loss control of the economy
  Show Answer
  The correct answer is D .
• Question 93:

  

  Use the information above to answer this question.

  What is the ratio?

  Options:
  A) 2.95:1
  B) 4.25:1
  C) 4.75:1
  D) 5,55:1
  Show Answer
  The correct answer is A .
• Question 94: The Nigeria Stock Exchange consist of ______ Options:
  A) primary and secondary-tier market
  B) secondary and primary market
  C) money and commodities market
  D) commercial and mortgage market
  Show Answer
  The correct answer is B .
• Question 95: Trade fairs in Nigeria are organised by Options:
  A) the Federal Government
  B) Manufacturers'' Association of Nigeria
  C) Ministry of Commerce and Industry
  D) Chambers of Commerce
  Show Answer
  The correct answer is D .
• Question 96: If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay? Options:
  A) N56 250
  B) N43 750
  C) N43 250
  D) N6250
  Show Answer
  The correct answer is B .
• Question 97: Service which are of absolute monopoly can can best be proved by Options:
  A) private companies
  B) limited liability companies
  C) public companies
  D) public enterprises
  Show Answer
  The correct answer is D .
• Question 98: The management function that makes the difference in intensity of behavior is? Options:
  A) coordinating
  B) controlling
  C) motivation
  D) planning
  Show Answer
  The correct answer is C .
• Question 99: The type of advertising that seeks to persuade consumers to buy a particular product is Options:
  A) Informative advertising
  B) Competitive advertising
  C) Persuasive advertising
  D) mass and specific advertising
  Show Answer
  The correct answer is C .
• Question 100: Which of the following is an determines the quality of goods and that a retailer sells? Options:
  A) the mode of contract of sales
  B) the type of manufacturer
  C) the regulations regarding sales in the area
  D) the location of his shop
  Show Answer
  The correct answer is B .