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 1041:

  Which of the following documents would a shareholder inspect to know his voting rights?

  Options:
  A) Articles of Association
  B) Certificate of Incorporation
  C) Certificate of Trading
  D) Memorandum of Association
  Show Answer
  The correct answer is A .
• Question 1042: A major function of a entrepreneur is? Options:
  A) decision-making
  B) encouraging competition
  C) human-resource traning
  D) motivating employees
  Show Answer
  The correct answer is A .
• Question 1043: An association of voluntary organizations that work together for a common aim while retaining their independence is a Options:
  A) syndicate
  B) merger
  C) cartel
  D) consortium
  Show Answer
  The correct answer is C .
• Question 1044: 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 1045:

  An author's exclusive right to his published and unpublished works is known as

  Options:
  A) constitutional right
  B) author's right
  C) copyright
  D) patent right
  Show Answer
  The correct answer is C .
• Question 1046: Which of the following types of occupation involues services that can be referred to as auxiliaries trade? Options:
  A) Constructive occupation
  B) Manufacturing occupation
  C) Industrial occupation
  D) Commercial occupation
  Show Answer
  The correct answer is D .
• Question 1047: A system where customer patronage is sought by producing what they need is referred to as _______? Options:
  A) sales promotion
  B) market promotion
  C) product promotion
  D) market orientation
  Show Answer
  The correct answer is D .
• Question 1048:

  Use the information below to answer question 14 and 15.

  Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.

  What is the company's reserve share capital?

  Options:
  A) N2500 000
  B) N4000 000
  C) N5000 000
  D) N2000 000
  Show Answer
  The correct answer is A .
• Question 1049:

  The main objective of a trade association can best be described as promoting and protecting ? 

  Options:
  A) the product
  B) common interest
  C) the market
  D) customer's interest
  Show Answer
  The correct answer is B .
• Question 1050: Inbound tourism occurs when Options:
  A) non-resident s of a country travel within it.
  B) non- resident of a country travel to other countries
  C) resident of a country travel within it
  D) Residents of a country travel to other countries.
  Show Answer
  The correct answer is C .