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: The factor of production that is subject to depreciation is? Options:
  A) capital
  B) land
  C) labour
  D) entrepreneur
  Show Answer
  The correct answer is A .
• Question 92:

  The board of directors of public enterprise is appointed by who?

  Options:
  A) Employees
  B) management
  C) government
  D) shareholders
  Show Answer
  The correct answer is D .
• Question 93: The quality of money that describe its uniformity is Options:
  A) recognizability
  B) durability
  C) portability
  D) homogeneity
  Show Answer
  The correct answer is D .
• Question 94: The body with the responsibility to register shares for subscription on the stock market in Nigeria is the? Options:
  A) Securties and Exchange Commission
  B) Nigerian Stock Exchange
  C) Nigerian Deposit Insurance Company
  D) Central Bank of Nigeria
  Show Answer
  The correct answer is A .
• Question 95: Which of the following is a form of sales promotion Options:
  A) advertising on radio
  B) offering free sample
  C) distributing printed materials
  D) advertising on television
  Show Answer
  The correct answer is B .
• Question 96: Primary production is associated with? Options:
  A) banking
  B) manufacturing
  C) agriculture
  D) construction
  Show Answer
  The correct answer is C .
• Question 97:

  In a law of contract, what is given in exchange for a promise to perform is_____

  Options:
  A) offer
  B) acceptance
  C) warranty
  D) consideration
  Show Answer
  The correct answer is D .
• Question 98: The major participants in the stock market when stock prices are rising generally are the? Options:
  A) bulls
  B) registrars
  C) bears
  D) companies
  Show Answer
  The correct answer is A .
• Question 99:

  Central banks sell treasury bills to the public to

  Options:
  A) increase cash in the banking system
  B) raise revenue for commerical banks
  C) raise revenue for private investors
  D) reduce cash in circulation
  Show Answer
  The correct answer is D .
• Question 100: Unresolved disputes between the employer and employees are usually referred to the? Options:
  A) code of conduct bureau
  B) personnel unit
  C) disciplinary committee
  D) industrial arbitration tribunal
  Show Answer
  The correct answer is D .